Call Options on BIG on 11/23/2020

Big Lots, Inc. (BIG), through its subsidiaries, operates as a retailer in the United States.

The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home decor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

It also provides merchandise under the consumables category, which comprises health, beauty and cosmetics, plastics, paper, chemical, and pet departments; hard home category, including small appliances, table top, food preparation, stationery, greeting cards, and home maintenance departments; and electronics, toys, and accessories category consisting of electronics, toys, jewelry, and hosiery departments. As of February 1, 2020, it operated 1,404 stores in 47 states and an e-commerce platform. 

As the cities shut down again, this low-priced retailer should see an increase in revenue.

Please note, this stock reports earnings on Friday December 4th. 

We will be trading December 18th Call Options.

Last Traded: $49.48

Trade Range: $10.13 to $57.24

Trade Buy 1 December $50.00 Call at $3.76 For a net debit of $3.76 Profit/Loss Analysis Breakeven at $53.76 Maximum profit is unbounded Maximum loss is ($376.00) at strike of $50.00 Closing Summary Sold 1 December $50.00 Call at $0.05

Position closed on 12/17/2020 at price of $0.05 with a -98.67% loss in 24 days.

Updates

12/17/2020 1:22:18 PM

BIG $50 Call options closed at $0.05

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