Put Options on MTH on 10/1/2018

Meritage Homes Corporation (MTH) designs and builds single-family homes in the United States.

The company operates through two segments, Homebuilding and Financial Services.

It acquires and develops land; and constructs, markets, and sells homes for various homebuyers, including first-time, move-up, active-adult, and luxury homes under the Meritage Homes brand name.

The company also provides warranty and customer services; and insurance and closing/settlement services for its homebuyers.

It builds and sells homes in Texas, Arizona, California, Colorado, Florida, North Carolina, South Carolina, Georgia, and Tennessee.

Shares have dropped to their low of the year and are expected to continue their decline.

We will be trading October 19th Put options

Entry Point: $39.90

Trading Range: $39.83 - $55.50

Trade Buy 1 October $40.00 Put at $1.00 For a net debit of $1.00 Profit/Loss Analysis Breakeven at $39.00 Maximum profit is unbounded Maximum loss is ($100.00) at strike of $40.00 Closing Summary Sold 1 October $40.00 Put at $2.80

Position closed on 10/11/2018 at price of $2.80 with a 180.00% gain in 10 days.

Updates

10/11/2018 10:05:09 AM

MTH $40 Put closed at $2.25

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