Put Options on TRIP on 5/20/2019

TripAdvisor, Inc. (TRIP) operates as an online travel company.

It operates in two segments, Hotel and Non-Hotel.

The company operates TripAdvisor-branded Websites, including tripadvisor.com in the United States; and localized versions of the Website in 48 markets and 28 languages.

It also manages and operates other travel media brands that provide users the comprehensive travel-planning and trip-taking resources in the travel industry, such as airfarewatchdog.com, bookingbuddy.com, cruisecritic.com, familyvacationcritic.com, flipkey.com, thefork.com, holidaywatchdog.com, housetrip.com, jetsetter.com, niumba.com, onetime.com, oyster.com, seatguru.com, smartertravel.com, tingo.com, vacationhomerentals.com, and viator.com, as well as www.bokun.io and holidaylettings.co.uk.

On May 7th, the company reported its quarterly results.Since then, shares have formed a bearish "flag" and are expected to move lower. Tripadvisor (TRIP) reported 1st Quarter March 2019 earnings of $0.36 per share on revenue of $376.0 million. The consensus earnings estimate was $0.31 per share on revenue of $384.8 million.  

We will be trading June 21st Put Options

Last Trade: $44.99

Trading Range: $43.40 - $69.00

Trade Buy 1 June $45.00 Put at $1.65 For a net debit of $1.65 Profit/Loss Analysis Breakeven at $43.35 Maximum profit is unbounded Maximum loss is ($165.00) at strike of $45.00 Closing Summary Sold 1 June $45.00 Put at $0.00

Position closed on 6/21/2019 at price of $0.00 with a -100.00% loss in 32 days.

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