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Put Options on GES on 4/15/2019

bearish flag on $GESGuess?, Inc. (GES) designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children.

It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing.

The company's clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, knitwear, and intimate apparel. It also grants licenses to manufacture and distribute various products that complement its apparel lines, such as eyewear, watches, handbags, footwear, kids' and infants' apparel, outerwear, swimwear, fragrance, jewelry, and other fashion accessories.

The company markets its products under GUESS, GUESS?, GUESS U.S.A., GUESS Jeans, GUESS? and Triangle Design, MARCIANO, Question Mark and Triangle Design, a stylized G and a stylized M, GUESS Kids, Baby GUESS, YES, G by GUESS, GUESS by MARCIANO, and Gc brand names.

It sells its products through direct-to-consumer, wholesale, and licensing distribution channels. As of February 3, 2018, the company directly operated 1,011 retail stores in the Americas, Europe, and Asia. Its operated an additional 652 retail stores worldwide. The company also offers its products through its retail Websites. 

Shares have formed a bearish"flag" following its latest quarterly report. Lower share prices are expected. Guess reported 4th Quarter January 2019 earnings of $0.70 per share on revenue of $837.1 million. The consensus earnings estimate was $0.76 per share on revenue of $840.4 million. The company said it expects a first quarter loss of $0.29 to $0.25 per share on revenue of $534.3 million to $539.5 million. The current consensus estimate is a loss of $0.15 per share on revenue of $536.5 million for the quarter ending April 30, 2019. 

We will be trading May 17 th Put option

 

Last Trade: $18.17

52-weeks Trading Range: $17.99 to $26.95

Trade

  • Buy 1 May $19.00 Put at $1.20
  • For a net debit of $1.20

Profit/Loss Analysis

  • Breakeven at $17.80
  • Maximum profit is unbounded
  • Maximum loss is ($120.00) at strike of $19.00

Closing Summary

  • Sold 1 May $19.00 Put at $0.85

Position closed on 5/17/2019 at price of $0.85 with a -29.17% loss in 32 days.

Updates

5/17/2019 9:35:21 AM

GES Put optios closed at 85 cents

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