Best Stock on the Market

Call Spread on SMG on 3/29/2021

The Scotts Miracle-Gro Company (SMG) manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.

Bullish Cup and Handle on $ SMGThe company also provides gardening and landscape products, including water-soluble and continuous-release plant foods, potting mixes and garden soils, mulch and decorative groundcover products, plant-related pest and disease control products, organic garden products, and lives goods and seeding solutions. In addition, it offers hydroponic products that help users to grow plants, flowers, and vegetables using little or no soil; lighting systems and components for use in hydroponic and indoor gardening applications; and insect, rodent, and weed control products for home areas.

The company offers its products under the Scotts, Turf Builder, EZ Seed, PatchMaster, Thick'R Lawn, GrubEx, EdgeGuard, Handy Green II, Miracle-Gro, LiquaFeed, Osmocote, Shake Feed, Hyponex, Earthgro, SuperSoil, Fafard, Nature Scapes, Ortho, Miracle-Gro Performance Organics, Miracle-Gro Organic Choice, Whitney Farms, EcoScraps, Mother Earth, Botanicare, Hydroponics, Vermicrop, Gavita, Agrolux, Can-Filters, Sun System, Gro Pro, Hurricane, AeroGarden, Titan, Tomcat, Ortho Weed B Gon, Roundup, Groundclear, and Alchemist brands.

It serves home centers, mass merchandisers, warehouse clubs, large hardware chains, independent hardware stores, nurseries, garden centers, e-commerce platforms, and food and drug stores, as well as indoor gardening and hydroponic distributors, retailers, and growers through a direct sales force, and network of brokers and distributors.

We will be trading an April 16th Call Spread

Entry Point: $241.42

Trading Range: $98.30 - $250.00

 

 

Trade

  • Buy 1 April $240.00 Call at $7.99
  • Sell 1 April $260.00 Call at $2.60
  • For a net debit of $5.39

Profit/Loss Analysis

  • Breakeven at $245.39
  • Maximum profit is $1,461.00 at strike of $260.00
  • Maximum loss is ($539.00) at strike of $240.00

Closing Summary

  • Sold 1 April $240.00 Call at $12.15
  • Bought 1 April $260.00 Call at $1.00

Position closed on 4/8/2021 at price of $11.15 with a 106.86% gain in 10 days.

Updates

4/8/2021 12:39:57 PM

Closing SMG Call Spread

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