Put Options on CQP on 3/9/2020

Cheniere Energy Partners, L.P. (CQP) owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana on the Sabine-Neches Waterway.

The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.

It also owns the Creole Trail Pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines. Cheniere Energy Partners GP, LLC serves as the general partner of the company. 

Shares have fallen to a new low and lower prices are expected. 

Last Trade: $30.59

Trading Range: $30.40 to $49.30

Trade Buy 1 March $31.00 Put at $1.50 For a net debit of $1.50 Profit/Loss Analysis Breakeven at $29.50 Maximum profit is unbounded Maximum loss is ($150.00) at strike of $31.00 Closing Summary Sold 1 March $31.00 Put at $7.50

Position closed on 3/19/2020 at price of $7.50 with a 400.00% gain in 10 days.

Updates

3/19/2020 10:59:24 AM

CQP $31 Put sold for $7.50

3/19/2020 10:59:26 AM

CQP $31 Put sold for $7.50

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