Best Stock on the Market

Call Spread on SQ on 4/13/2020

Square, Inc. (SQ) provides, together with its subsidiaries, payment and point-of-sale solutions in the United States and internationally.

Double Bottom on $ SQThe company's commerce ecosystem includes point-of-sale software and hardware that offers sellers to payment and point-of-sale solutions. It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a portable payments device that replaces keypad terminals, which accepts various payment types, such as tap, dip, and swipe, as well as prints receipts; and managed payments solutions.

The company also offers various software products, including Square Point of Sale; Square Virtual Terminal; Square Appointments; Square for Retail; Square for Restaurants; Square Invoices, Square Online Store; Square Loyalty, Marketing, and Gift Cards; and Square Dashboard.

In addition, it offers developer platform, which includes application programming interfaces and software development kits. Further, it provides managed payments, instant transfer, Square Card, Square Capital, and payroll. Additionally, it provides Cash App, which enables to send, spend, and store money; and Weebly that offers customers website hosting and domain name registration solutions.

Please note, this stock has an earnings on May 6, 2020.

Shares have moved about their 30-day moving average. Additionally, they have formed a double-buttom formation.

Last traded at: $59.21

52-week trading range: $32.33 - $87.25

Trade

  • Buy 1 May $57.50 Call at $6.65
  • Sell 1 May $65.00 Call at $3.30
  • For a net debit of $3.35

Profit/Loss Analysis

  • Breakeven at $60.85
  • Maximum profit is $415.00 at strike of $65.00
  • Maximum loss is ($335.00) at strike of $57.00

Closing Summary

  • Sold 1 May $57.50 Call at $9.40
  • Bought 1 May $65.00 Call at $4.05

Position closed on 4/29/2020 at price of $5.35 with a 59.70% gain in 16 days.

Updates

4/29/2020 1:02:08 PM

SQ Call spread closed

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