Put Options on KHC on 7/5/2019

The Kraft Heinz Company (KHC) manufactures and markets food and beverage products.

Its products include condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, and other grocery products, as well as infant and nutrition products.

The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-OY, Cracker Barrel, Classico, McCafe, P'Tit Quebec, Tassimo, Plasmon, Pudliszki, Honig, HP, Benedicta, Karvan Cevitam, ABC, Master, Quero, Golden Circle, Wattie's, Glucon-D, and Complan names.

Shares have sold off recently due to many reasons. Shares set a 52-week low of $26.96. Shares have rebounded but now have run into their overhead resistance of their 50-day moving average. We expect lower prices for this stock.

We will be trading August 19th Put Options

Last Trade : $30.88

Trading Range: $26.96 - $64.99

Trade Buy 1 August $30.00 Put at $1.05 For a net debit of $1.05 Profit/Loss Analysis Breakeven at $28.95 Maximum profit is unbounded Maximum loss is ($105.00) at strike of $30.00 Closing Summary Sold 1 August $30.00 Put at $3.50

Position closed on 8/8/2019 at price of $3.50 with a 233.33% gain in 33 days.

Updates

8/8/2019 9:48:17 AM

KHC $30 put closed at $3.50

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