Call Options on WDC on 8/31/2020

Western Digital Corporation (WDC) develops, manufactures, and sells data storage devices and solutions worldwide.

Support Level on $ WDCIt offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for computing devices, such as desktop and notebook personal computers (PCs), security surveillance systems, gaming consoles, and set top boxes; flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications; flash-based memory wafers; and embedded storage solutions and flash products, such as multi-chip package solutions.

The company also provides data center devices and solutions comprising enterprise helium hard drives; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; data center solutions, including HDDs and drive configurations for use in data storage systems and tiered storage models; system solutions that offer petabyte scalable capacity; and data storage platforms and systems.

In addition, it offers client solutions, such as external HDD storage products in mobile and desktop form; client SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, still and action video cameras, and security surveillance systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field back up of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs.

The company sells its products under the HGST, SanDisk, and WD brands to original equipment manufacturers, distributors, resellers, cloud infrastructure players, and retailers.

We will be trading September 11th Call Options

Last Trade: $37.84

Trading Range: $27.40 to $72.00

 

Trade

  • Buy 1 September $37.50 Call at $1.37
  • For a net debit of $1.37

Profit/Loss Analysis

  • Breakeven at $38.87
  • Maximum profit is unbounded
  • Maximum loss is ($137.00) at strike of $37.00

Closing Summary

  • Sold 1 September $37.50 Call at $0.00

Position closed on 9/11/2020 at price of $0.00 with a -100.00% loss in 11 days.

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