Put Options on AMN on 3/4/2019

AMN Healthcare Services, Inc. (AMN) provides healthcare workforce solutions and staffing services to healthcare facilities in the United States.

The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions.

The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments under the Staff Care and Locum Leaders brands.

It also provides allied staffing services to acute-care hospitals and other healthcare facilities, such as skilled nursing facilities, rehabilitation clinics, and retail and mail-order pharmacies under the Med Travelers and Club Staffing brands; physician permanent placement services to hospitals, healthcare facilities, and physician practice groups under the Merritt Hawkins brand, as well as physician executive leadership search services; and executive and clinical leadership interim staffing, healthcare executive search, and advisory services.

In addition, the company offers managed services programs; vendor management systems, including ShiftWise and Medefis technologies; recruitment process outsourcing for permanent hiring needs; workforce optimization services comprising consulting, data analytics, predictive modeling, and SaaS-based scheduling technology under the Smart Square brand; medical coding, clinical documentation improvement, case management, clinical data registry, and auditing and advisory services; and credentialing software solutions to clinicians and healthcare enterprises. 

Shares have formed a bearish "flag" following the company's latest quarterly report, Lower share prices are expected for this stock.

We will be trading March 15th Put Options.

Entry Point: $49.18

Trading Range: $47.05 to $68.20

Trade Buy 1 March $50.00 Put at $1.70 For a net debit of $1.70 Profit/Loss Analysis Breakeven at $48.30 Maximum profit is unbounded Maximum loss is ($170.00) at strike of $50.00 Closing Summary Sold 1 March $50.00 Put at $2.60

Position closed on 3/15/2019 at price of $2.60 with a 52.94% gain in 11 days.

Updates

3/15/2019 1:16:26 PM

AMN $50 Put Option closed at $2.60

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