Call Options on CVI on 4/30/2020

CVR Energy, Inc. (CVI), through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States.

The company operates through two segments, Petroleum and Nitrogen Fertilizer.

The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products. It owns and operates a coking medium-sour crude oil refinery in southeast Kansas; and a crude oil refinery in Wynnewood, Oklahoma, as well as supporting logistics assets. This segment primarily serves retailers, railroads, farm co-operatives, and other refiners/marketers.

The Nitrogen Fertilizer segment owns and operates a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products; and a nitrogen fertilizer facility in East Dubuque, Illinois that produces nitrogen fertilizers in the form of ammonia and UAN. It primarily markets UAN products to agricultural customers; and ammonia products to agricultural and industrial customers.

CVR Energy reported Quarter December 2019 earnings of $0.44 per share on revenue of $1.6 billion. Revenue fell 9.7% compared to the same quarter a year ago.

This stock reports earnings on May 6th.

As oil refineries have been filled, this stock should see an increase in revenue as states begin to open up.

Last traded at: $23.64

52-week trading range: $13.81 - $55.52

Trade Buy 1 May $22.50 Call at $1.95 For a net debit of $1.95 Profit/Loss Analysis Breakeven at $24.45 Maximum profit is unbounded Maximum loss is ($195.00) at strike of $22.00 Closing Summary Sold 1 May $22.50 Call at $0.00

Position closed on 5/15/2020 at price of $0.00 with a -100.00% loss in 15 days.

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