Put Options on DD on 2/25/2020

DuPont de Nemours, Inc. (DD) provides technology-based materials, ingredients, and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

The company provide Electronics & Imaging segment supplies materials to manufacture photovoltaics and solar cells; materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

This segment also provides permanent and process chemistries for the fabrication of printed circuit boards to include laminates and substrates, electroless, and electrolytic metallization solutions, as well as patterning solutions, and materials and metallization processes for metal finishing, decorative, and industrial applications.

On January 30th, Du Pont reported Quarter December 2019 earnings of $0.95 per share on revenue of $5.2 billion. The consensus earnings estimate was $0.96 per share on revenue of $5.2 billion. 

The company said it expects 2020 earnings of $3.70 to $3.90 per share on revenue of $21.50 billion to $22.00 billion. The current consensus earnings estimate is $4.11 per share on revenue of $21.98 billion for the year ending December 31, 2020. Since the report, shares have formed a bearish "flag" and lower share prices are expected.

We will be trading March 20th Options

Last Trade: $50.80

Trading Range: $49.60 to $83.7215

Trade Buy 1 March $50.00 Put at $1.10 For a net debit of $1.10 Profit/Loss Analysis Breakeven at $48.90 Maximum profit is unbounded Maximum loss is ($110.00) at strike of $50.00 Closing Summary Sold 1 March $50.00 Put at $4.25

Position closed on 2/27/2020 at price of $4.25 with a 286.36% gain in 2 days.

Updates

2/27/2020 12:42:36 PM

DD $50 Put Options closed for $4.25

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