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Put Options on KFY on 7/8/2019

bearish flag $KFYKorn Ferry (KFY) provides talent management solutions worldwide.

It operates through three segments: Executive Search, Advisory, and RPO (Recruitment Process Outsourcing) & Professional Search.

The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the industrial, financial services, life sciences/healthcare provider, consumer, technology, and educational/not-for-profit market sectors.

It also offers organizational strategy, assessment and succession, and leadership development, as well as rewards and benefits to assist clients. In addition, the company provides RPO, project recruitment, and individual professional search and consulting services.

It serves public and private companies, and middle market and emerging growth companies, as well as government and non-profit organizations.

Shares have formed a bearish "flag" following its recent quarterly report on June 20th. The firm reported Quarter April 2019 earnings of $0.88 per share on revenue of $502.5 million. The consensus earnings estimate was $0.89 per share on revenue of $495.2 million. The Earnings Whisper number was $0.91 per share. Revenue grew 2.9% on a year-over-year basis.

The company said it expects first quarter earnings of $0.73 to $0.81 per share on revenue of $466.0 million to $486.0 million. The current consensus earnings estimate is $0.82 per share on revenue of $489.2 million for the quarter ending July 31, 2019. Lower share prices are expected. 

 

We will be trading August 16th Put options

 

Last Trade: $39.10

Trading Range: $37.08 - $68.98

Trade

  • Buy 1 August $40.00 Put at $2.00
  • For a net debit of $2.00

Profit/Loss Analysis

  • Breakeven at $38.00
  • Maximum profit is unbounded
  • Maximum loss is ($200.00) at strike of $40.00

Closing Summary

  • Sold 1 August $40.00 Put at $3.05

Position closed on 8/5/2019 at price of $3.05 with a 52.50% gain in 28 days.

Updates

8/5/2019 1:46:41 PM

KFY $40 Put option sold for $3.05

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