Put Options on CVLT on 10/5/2020

Commvault Systems, Inc. (CVLT) provides data protection and information management software applications and related services in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China.

It offers Commvault Complete Backup & Recovery, a backup and recovery solution for enterprises; and Commvault HyperScale Technology, an add-on for Commvault Complete that delivers an on-premises, cloud-like infrastructure to support scale-out secondary storage.

The company also provides Commvault Orchestrate, an automated service delivery technology that enables users to provision, sync, and validate data in various environments for IT needs, such as disaster recovery testing, development testing operations, and workload migrations.

The company sells its software and related services directly through its sales force to large enterprises, small and medium sized businesses, and government agencies, as well as indirectly through its network of value-added resellers, systems integrators, corporate resellers, and original equipment manufacturers. 

Shares have formed a bearish "flag" after following through the stock's 50-day moving average. Lower share prices are expected for this stock.

Last Trade: $40.44

Trading Range: $24.26 - $51.90

Trade Buy 1 October $40.00 Put at $0.75 For a net debit of $0.75 Profit/Loss Analysis Breakeven at $39.25 Maximum profit is unbounded Maximum loss is ($75.00) at strike of $40.00 Closing Summary Sold 1 October $40.00 Put at $0.00

Position closed on 10/16/2020 at price of $0.00 with a -100.00% loss in 11 days.

Updates

10/16/2020 10:49:23 AM

CVLT put option closed

Back to Portfolio