Call Options on NMIH on 12/23/2019

NMI Holdings, Inc. (NMIH) provides private mortgage guaranty insurance services in the United States.

The company offers mortgage insurance; reinsurance on loans; and outsourced loan review services to mortgage loan originators.

It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders. 

Shares have formed a bullish "flag" following the company's latest quarterly report on November 6th. Nmi Holdings reported 3rd Quarter September 2019 earnings of $0.71 per share on revenue of $101.6 million. The consensus earnings estimate was $0.61 per share on revenue of $94.7 million. Revenue grew 41.6% on a year-over-year basis. Higher share prices are expected for this stock.

Last Trade: $34.40

Trading Range: $15.62 to $35.79

Trade Buy 1 January $35.00 Call at $0.90 For a net debit of $0.90 Profit/Loss Analysis Breakeven at $35.90 Maximum profit is unbounded Maximum loss is ($90.00) at strike of $35.00 Closing Summary Sold 1 January $35.00 Call at $0.00

Position closed on 1/17/2020 at price of $0.00 with a -100.00% loss in 25 days.

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