Call Options on WORK on 5/11/2020

Slack Technologies, Inc. (WORK) operates Slack, a business technology software platform in the United States and internationally.

Its platform brings together people, applications, and data, as well as sells its offering under a software-as-a-service model. The company was formerly known as Tiny Speck, Inc. and changed its name to Slack Technologies, Inc. in 2014. 

Slack Technologies reported a Quarter January 2020 loss of $0.16 per share on revenue of $181.9 million. The consensus estimate was a loss of $0.18 per share on revenue of $173.1 million.

The company said it expects a first quarter loss of $0.07 to $0.06 per share on revenue of $185.0 million to $188.0 million and a fiscal 2021 loss of $0.21 to $0.19 per share on revenue of $842.0 million to $862.0 million. The current consensus estimate is a loss of $0.06 per share on revenue of $187.6 million for the quarter ending April 30, 2020 and a loss of $0.21 per share on revenue of $853.3 million for the year ending January 31, 2021.

This stock should see a positive rise in shares as companies continue to work from home and telecommunicate, despite the country slowly reopening.

Last traded at: $31.16

52-week trading range: $15.10 - $42.00

Trade Buy 1 May $31.50 Call at $1.90 For a net debit of $1.90 Profit/Loss Analysis Breakeven at $33.40 Maximum profit is unbounded Maximum loss is ($190.00) at strike of $31.00 Closing Summary Sold 1 May $31.50 Call at $0.50

Position closed on 5/22/2020 at price of $0.50 with a -73.68% loss in 11 days.

Updates

5/22/2020 10:52:53 AM

WORK Call Options closed at $0.50

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