Best Stock on the Market

Call Options on ELY on 12/2/2019

double bottom, $ELYCallaway Golf Company (ELY) designs, manufactures, and sells golf clubs, golf balls, golf bags, and other golf-related accessories.

The company operates through three segments: Golf Clubs; Golf Balls; and Gear, Accessories and Other.

The Golf Clubs segment provides golf drivers and fairway woods, hybrids, irons and wedges, putters, packaged sets, and pre-owned golf clubs.

The Golf Balls segment designs, manufactures, and sells golf balls. The Gear, Accessories and Other segment offers golf apparel and footwear, headwear, and other lifestyle and golf-related apparel products, as well as golf bags, golf gloves, travel gears, gears, personal storage gears, and accessories.

The company sells its products through golf retailers, sporting goods retailers, mass merchants, Internet retailers, department stores, field representatives, and in-house sales representatives, as well as to third-party distributors in the United States and approximately 100 countries. Callaway Golf Company sells its products under the Callaway Golf, Odyssey, Strata, OGIO, and TravisMathew brand names.

It also sells pre-owned golf products through its Website, callawaygolfpreowned.com; and Callaway Golf and Odyssey products through its Websites callawaygolf.com, odysseygolf.com, ogio.com, and travismathew.com. Shares have formed a bullish "double bottom" and are expected to move higher form this formation.

 

Last Trade: $20.75

Trading Range: $14.44 to $21.54

Trade

  • Buy 1 December $20.00 Call at $1.05
  • For a net debit of $1.05

Profit/Loss Analysis

  • Breakeven at $21.05
  • Maximum profit is unbounded
  • Maximum loss is ($105.00) at strike of $20.00

Closing Summary

  • Sold 1 December $20.00 Call at $1.05

Position closed on 12/20/2019 at price of $1.05 with a 0.00% gain in 18 days.

Updates

12/20/2019 9:42:54 AM

ELY $20 call options sold for $1.05

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