Call Options on TIF on 8/13/2018

Tiffany & Co. (TIF) designs, manufactures, and retails jewelry and other items worldwide.

Its jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, and gold jewelry.

The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories.

In addition, it wholesales diamonds to third parties. The company offers its products through retail sales, Internet and catalog sales, business-to-business sales, and wholesale distribution.

As of January 31, 2016, it operated 125 stores in the Americas, 85 stores in the Asia-Pacific, 55 stores in Japan, 43 stores in Europe, and 5 stores in the United Arab Emirates. 

Shares have formed a bullish "flag" following its most reent quarterly report. The firm reports this week and we expect the report would cause shares to move higher out of this formation.  

52-Weeks Trading Range: $86.15 to $141.64

Last Trade: $134.40

Trade Buy 1 September $135.00 Call at $5.00 For a net debit of $5.00 Profit/Loss Analysis Breakeven at $140.00 Maximum profit is unbounded Maximum loss is ($500.00) at strike of $135.00 Closing Summary Sold 1 September $135.00 Call at $0.00

Position closed on 9/24/2018 at price of $0.00 with a -100.00% loss in 42 days.

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