Put Options on TUP on 8/5/2019

Tupperware Brands Corp. (TUP) is a direct selling consumer products company such as design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware® brand and beauty and personal care products.

Shares are trading near their tearly low. Shares also have formed a bearish "flag" following the company's latest quarterly report. We expect lower prices for this stock.

On July 24th, Tupperware (TUP) reported 2nd Quarter June 2019 earnings of $0.98 per share on revenue of $475.3 million. The consensus earnings estimate was $1.02 per share.  Revenue fell 11.2% compared to the same quarter a year ago.

The company said it expects third quarter earnings of $0.61 to $0.66 per share and 2019 earnings of $3.45 to $3.60 per share. The company's previous guidance was 2019 earnings of $4.03 to $4.14 per share. The current consensus earnings estimate is $0.89 per share for the quarter ending September 30, 2019 and $4.01 per share for the year ending December 31, 2019.

We will be trading September 20th Put Options

Last Trade: $14.75

Trading Range: $14.11 to $38.90

Trade Buy 1 September $15.00 Put at $0.70 For a net debit of $0.70 Profit/Loss Analysis Breakeven at $14.30 Maximum profit is unbounded Maximum loss is ($70.00) at strike of $15.00 Closing Summary Sold 1 September $15.00 Put at $0.00

Position closed on 9/20/2019 at price of $0.00 with a -100.00% loss in 45 days.

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