Put Options on OMC on 3/23/2020

Omnicom Group Inc. (OMC) provides advertising, marketing, and corporate communications services. 

It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare.

The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

Its services also comprise interactive marketing, investor relations, marketing research, media planning and buying, merchandising and point of sale, mobile marketing, multi-cultural marketing, non-profit marketing, organizational communications, package design, product placement, promotional marketing, public affairs, public relations, retail marketing, sales support, search engine marketing, shopper marketing, social media marketing, and sports and event marketing services.

Shares of this company have sold off along with the rest of the market, but they have failed to rebound when the market had. This is a good sign that lower prices are ahead for this stock.

Last traded at: $49.51

52-week trading range: $48.38 to $85.05

Trade Buy 1 April $50.00 Put at $4.50 For a net debit of $4.50 Profit/Loss Analysis Breakeven at $45.50 Maximum profit is unbounded Maximum loss is ($450.00) at strike of $50.00 Closing Summary Sold 1 April $50.00 Put at $0.00

Position closed on 4/17/2020 at price of $0.00 with a -100.00% loss in 25 days.

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