Call Spread on ETSY on 1/19/2021

Etsy, Inc. (ETSY) operates online market places for buyers and sellers primarily in the United States, the United Kingdom, Canada, Australia, France, and Germany. Its online market places include Etsy.com and Reverb.com.

The company offers approximately 66 million items in its various retail categories to buyers. It also provides various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Etsy Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, and Australia to purchase discounted shipping labels.

In addition, the company offers various seller tools, including Shop Manager dashboard, a centralized hub for Etsy sellers to track orders, manage inventory, view metrics and statistics, and have conversations with their customers; Targeted Offers, a sales, promotion, and media tool; educational resources, such as blog posts and video tutorials for sellers; Etsy Seller Handbook; and Etsy Teams, a platform to build personal relationships with other Etsy sellers.

As this stock has seen a significant increase in share prices throughout the Coronavirus pandemic, it should continue to increase as vaccine distribution slowly rolls out. Additionally, this company has been actively working to reduce potential violence on Inaugaration Day through prohibiting any sales that insinsuate or encourage violence.

We will be trading a Call Spread on February 12th

Last Trade: $204.42

Trading Range: $29.95 - $221.12

Trade Buy 1 February $205.00 Call at $12.40 Sell 1 February $215.00 Call at $8.31 For a net debit of $4.09 Profit/Loss Analysis Breakeven at $209.09 Maximum profit is $591.00 at strike of $215.00 Maximum loss is ($409.00) at strike of $205.00 Closing Summary Sold 1 February $205.00 Call at $25.10 Bought 1 February $215.00 Call at $15.10

Position closed on 2/8/2021 at price of $10.00 with a 144.50% gain in 20 days.

Updates

2/8/2021 12:57:33 PM

Closing ETSY Call spread

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