Best Stock on the Market

Call Options on PLNT on 11/26/2018

bullish cup and handle on $PLNTPlanet Fitness, Inc. (PLNT) franchises and operates fitness centers.

It operates through three segments: Franchise, Corporate-owned stores, and Equipment.

The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, and the Dominican Republic.

The Corporate-owned stores segment operates corporate-owned stores in the United States and Canada.

The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores.

The Company's stores are typically over 20,000 square feet, with a selection of purple and yellow Planet Fitness-branded cardio, circuit- and weight-training equipment and staff trainers offering free fitness instruction to members in small groups through its PE@PF program. Its fitness centers are located in urban areas and company uses spaces that were previously used as large box stores or shopping centers. 

As of July 20, 2017, the company had 1,367 owned and franchised stores in 47 states, including the District of Columbia, Puerto Rico, the Dominican Republic, and Canada. 

Shares are heading higher in a bullish  "cup and handle" shown in blue. The formation is supported by the stock's 200-day moving average shown in brown. Higher share prices are expected for this stock.

We will be trading December 21 Options

52-Weeks Trading Range:  $28.98 - $57.66

Entry Point: $52.90

 

Trade

  • Buy 1 December $50.00 Call at $3.00
  • For a net debit of $3.00

Profit/Loss Analysis

  • Breakeven at $53.00
  • Maximum profit is unbounded
  • Maximum loss is ($300.00) at strike of $50.00

Closing Summary

  • Sold 1 December $50.00 Call at $2.00

Position closed on 12/21/2018 at price of $2.00 with a -33.33% loss in 25 days.

Updates

12/21/2018 9:53:44 AM

PLNT $50 Call option sold for $2.00

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