Call Options on DBX on 12/23/2020

Dropbox, Inc. (DBX) provides a collaboration platform worldwide.

The company's platform allows individuals, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features.

As of December 31, 2019, it had approximately 600 million registered users across 180 countries.

The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009.

Dropbox, Inc. reported 3rd Quarter September 2020 earnings of $0.27 per share on revenue of $487.4 million. The consensus earnings estimate was $0.18 per share on revenue of $482.6 million. Revenue grew 13.8% on a year-over-year basis.

The company said during its conference call it expects fourth quarter revenue of $497.0 million to $499.0 million. The current consensus revenue estimate is $491.89 million for the quarter ending December 31, 2020.

We will be trading Call Options on January 22nd

Last Trade: $24.87

Trading Range: $14.55 - $25.07

Trade Buy 1 January $25.00 Call at $1.41 For a net debit of $1.41 Profit/Loss Analysis Breakeven at $26.41 Maximum profit is unbounded Maximum loss is ($141.00) at strike of $25.00 Closing Summary Sold 1 January $25.00 Call at $0.00

Position closed on 1/22/2021 at price of $0.00 with a -100.00% loss in 30 days.

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