Put Options on CC on 9/17/2018

The Chemours Company (CC) provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America.

It operates through three segments: Titanium Technologies, Fluoroproducts, and Chemical Solutions.

The Titanium Technologies segment manufactures and sells titanium dioxide under the Ti-Pure and BaiMax brands for various applications in architectural and industrial coatings, flexible and rigid plastic packaging, polyvinylchloride window profiles, laminate papers used for furniture and building materials, and coated papers and paperboards used for packaging.

The Fluoroproducts segment provides fluoroproducts, including refrigerants, and industrial fluoropolymer resins and derivatives under the Teflon, Viton, Krytox, and Nafion brand names.

The Chemical Solutions segment offers industrial and specialty chemicals for gold production, oil and gas, water treatment, electronics, and automotive industries. It also provides sodium cyanide through its mining solutions business; and performance chemicals and intermediates, such as methylamines, glycolic acid, and Vazo free radical initiators.

Shares have formed a bearish "flag" and lower share prices are expected for this stock.

Last Trade: $40.35

Trading Range: $38.49 - $58.08

Trade Buy 1 October $41.00 Put at $2.00 For a net debit of $2.00 Profit/Loss Analysis Breakeven at $39.00 Maximum profit is unbounded Maximum loss is ($200.00) at strike of $41.00 Closing Summary Sold 1 October $41.00 Put at $5.00

Position closed on 10/11/2018 at price of $5.00 with a 150.00% gain in 24 days.

Updates

10/11/2018 9:56:32 AM

CC October $41 Put closed for $5.00

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