Call Options on GES on 9/4/2018

Guess?, Inc. (GES) designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children.

It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.

The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel. It also grants licenses to manufacture and distribute various products that complement its apparel lines, such as eyewear, watches, handbags, footwear, kids' and infants' apparel, outerwear, swimwear, fragrance, jewelry, and other fashion accessories.

The company markets its products under GUESS, GUESS?, GUESS U.S.A., GUESS Jeans, GUESS? and Triangle Design, MARCIANO, Question Mark and Triangle Design, a stylized G and a stylized M, GUESS Kids, Baby GUESS, YES, G by GUESS, GUESS by MARCIANO, and Gc brand names.

It sells its products through direct-to-consumer, wholesale, and licensing distribution channels. As of February 3, 2018, the company directly operated 1,011 retail stores in the Americas, Europe, and Asia. Its operated an additional 652 retail stores worldwide. The company also offers its products through its retail Websites. 

Shares have formed a bullish "cup and handle" and are expected to move higher out of this formation.

We will be trading Septemer 21, call option

Last Trade: $24.51

52-weeks Trading Range: $14.17 - $26.95

Trade Buy 1 September $24.00 Call at $0.95 For a net debit of $0.95 Profit/Loss Analysis Breakeven at $24.95 Maximum profit is unbounded Maximum loss is ($95.00) at strike of $24.00 Closing Summary Sold 1 September $24.00 Call at $0.00

Position closed on 9/24/2018 at price of $0.00 with a -100.00% loss in 20 days.

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