Call Options on DBX on 3/27/2020

Dropbox, Inc. (DBX) provides a collaboration platform worldwide. The company's platform allows individuals, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. As of December 31, 2019, it had approximately 600 million registered users across 180 countries. 

Dropbox reported Quarter December 2019 earnings of $0.18 per share on revenue of $446.0 million. The consensus earnings estimate was $0.14 per share on revenue of $443.2 million. Revenue grew 18.6% on a year-over-year basis.

The company said during its conference call it expects first quarter revenue of $452.0 million to $454.0 million and 2020 revenue of $1.89 billion to $1.905 billion. The current consensus estimate is revenue of $449.2 million for the quarter ending March 31, 2020 and revenue of $1.90 billion for the year ending December 31, 2020.

Last traded at: $19.00

52-week trading range: $14.55 to $26.20

Trade Buy 1 April $19.00 Call at $1.40 For a net debit of $1.40 Profit/Loss Analysis Breakeven at $20.40 Maximum profit is unbounded Maximum loss is ($140.00) at strike of $19.00 Closing Summary Sold 1 April $19.00 Call at $1.20

Position closed on 4/23/2020 at price of $1.20 with a -14.29% loss in 27 days.

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