Put Options on FEYE on 12/9/2020

FireEye, Inc.  (FEYE) provides cybersecurity solutions to prepare for, prevent, investigate, respond to, and remediate cyber-attacks in organizations.

The company provides network, email, endpoint, and cloud security solutions, as well as customer support and maintenance services. It also offers Helix Security Platform, a cloud-hosted security platform; Security Validation Platform against cyber attacks; Dynamic Threat Intelligence cloud, a bi-directional cloud-based service; and Mandiant Threat Intelligence that offers subscriptions to threat intelligence reports to organizations for defending cyber threats. 

The Company announced that it's servers have been hacked and the company is trying to assess the damage. The fact that a security software company was hacked does not bode well the shares. Shares have fallen through their 50-day mving average and the the $14 support level. Lower share prices are expected. 

We are trading January 15th Put options

Last Trade: $13.50

Tradinf Range: $7.54 - $18.34

Trade Buy 1 January $14.00 Put at $1.15 For a net debit of $1.15 Profit/Loss Analysis Breakeven at $12.85 Maximum profit is unbounded Maximum loss is ($115.00) at strike of $14.00 Closing Summary Sold 1 January $14.00 Put at $0.00

Position closed on 1/15/2021 at price of $0.00 with a -100.00% loss in 36 days.

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