Put Options on NEWR on 9/9/2019

bearish flag, $NEWRNew Relic, Inc. (NEWR) provides various digital products worldwide.

Its cloud-based platform and suite of products include New Relic Platform, which enable organizations to collect, store, and analyze data.

The company offers New Relic Application Performance Monitoring that provides visibility into the performance and usage of server-based applications, including data pertaining to response time, transaction throughput, error rates, top transactions, and user satisfaction; New Relic Mobile, which provides code-level visibility into the performance and health of mobile applications running on the iOS and Android mobile operating systems; and New Relic Browser that monitors the page view experiences of actual end-users for desktop and mobile browser-based applications.

It also provides New Relic Synthetics, which simulates usage and reproduces business-critical functionality that enables its users to test their software throughout the entire development life cycle; New Relic Infrastructure that provides a view of the health and configuration changes for an enterprise's entire host ecosystem across various environments; and New Relic Insights that enables technology and business users to perform real-time analysis. In addition, the company offers New Relic Applied Intelligence platform; New Relic Alerts, which provides a centralized notification system; and New Relic's extensible architecture that provides customers, partners, and third-party developers with APIs and SDKs to build software integrations.

Shares have formed a bearish "flag" following the company's latest quarterly report.  Lower share prices are expected.

 

We will be trading October 18th Put options

 

Entry Point: $56.81

Trading Range: $54.83 to $113.34

Trade

  • Buy 1 October $55.00 Put at $2.10
  • For a net debit of $2.10

Profit/Loss Analysis

  • Breakeven at $52.90
  • Maximum profit is unbounded
  • Maximum loss is ($210.00) at strike of $55.00

Closing Summary

  • Sold 1 October $55.00 Put at $0.00

Position closed on 10/18/2019 at price of $0.00 with a -100.00% loss in 39 days.

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