Put Options on K on 1/11/2021

Kellogg Company (K), together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods.

The company operates through four segments: North America, Europe, Latin America, and Asia Middle East Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.

The company offers its products under the Kellogg's, Cheez-It, Pringles, Austin, Parati, RXBAR, Kashi, Bear Naked, Eggo, Morningstar Farms, Choco Krispies, Crunchy Nut, Nutri-Grain, Special K, Squares, Zucaritas, Sucrilhos, Pop-Tarts, K-Time, Split Stix, Be Natural, LCMs, Coco Pops, Rice Krispies Squares, Kashi Go, Vector, and Gardenburger brand names.

It sells its products to retailers through direct sales forces, as well as brokers and distributors.

Kellogg Company reported 3rd Quarter September 2020 earnings of $0.91 per share on revenue of $3.4 billion. The consensus earnings estimate was $0.88 per share on revenue of $3.4 billion. Revenue grew 1.7% on a year-over-year basis.

We will be trading a February 19th Put Option 

Last Trade: $60.20

Trading Range: $52.66 - $72.88

Trade Buy 1 February $60.00 Put at $1.95 For a net debit of $1.95 Profit/Loss Analysis Breakeven at $58.05 Maximum profit is unbounded Maximum loss is ($195.00) at strike of $60.00 Closing Summary Sold 1 February $60.00 Put at $3.30

Position closed on 2/8/2021 at price of $3.30 with a 69.23% gain in 28 days.

Updates

2/8/2021 12:56:10 PM

Closed at $3.30

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