Call Options on AMED on 11/12/2018

Amedisys, Inc. (AMED) provides healthcare services in the United States.

It operates through three segments: Home Health, Hospice, and Personal Care.

The Home Health segment offers a range of services in the homes of individuals for the recovery of patients from surgery, chronic disability, or terminal illness, as well as prevents avoidable hospital readmissions through its skilled nurses, physical and speech therapists, occupational therapists, and aides for its patients to complete their important personal tasks.

The Hospice segment offers care that is designed to provide comfort and support for those who are dealing with a terminal illness, including heart disease, pulmonary disease, Alzheimer's, HIV/AIDS, and cancer.

The Personal Care segment provides assistance for patients with the activities of daily living. As of February 27, 2018, the company owned and operated 421 care centers in 34 states. 

Shares have formed a bullish "double bottom" and are expected to move higher from this formation.

We will be trading December 21 call options.

Entry Point: $120.00

Trading Range: $49.80 to $127.38

Trade Buy 1 December $120.00 Call at $5.25 For a net debit of $5.25 Profit/Loss Analysis Breakeven at $125.25 Maximum profit is unbounded Maximum loss is ($525.00) at strike of $120.00 Closing Summary Sold 1 December $120.00 Call at $7.00

Position closed on 12/14/2018 at price of $7.00 with a 33.33% gain in 32 days.

Updates

12/14/2018 1:22:09 PM

AMED call options sold for $7.00

Back to Portfolio