Put Options on ZION on 10/15/2018

Zions Bancorporation (ZION) provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

It also offers personal banking services to individuals, including home mortgages, bankcards, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposit of various types and maturities, trust services, safe deposit facilities, and Internet and mobile banking services.

In addition, the company provides self-directed brokerage services; and small business administration lending and secondary market agricultural real estate mortgage loans; and bond transfer, stock transfer, and escrow services for corporate customers. As of December 31, 2017, it operated 433 domestic branches.

Shares have broken below a support and are expected to continue to decline.

We will be trading November 16th Put Option

Last Trade: $48.22

Trading Range: $43.50 - $59.19

Trade Buy 1 November $49.00 Put at $2.10 For a net debit of $2.10 Profit/Loss Analysis Breakeven at $46.90 Maximum profit is unbounded Maximum loss is ($210.00) at strike of $49.00 Closing Summary Sold 1 November $49.00 Put at $0.80

Position closed on 11/16/2018 at price of $0.80 with a -61.90% loss in 32 days.

Updates

11/16/2018 10:28:41 AM

ZION $49 Put sold for $0.80

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