Call Options on TPX on 6/14/2021

Tempur Sealy International, Inc. (TPX), together with its subsidiaries, develops, manufactures, markets, and distributes bedding products in the United States, Canada, and internationally.

It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the TEMPUR, Tempur-Pedic, Sealy, Comfort Revolution, and Stearns & Foster brands.

The company sells its products through third party retailers, including third party distribution, hospitality, and healthcare; and company-owned stores, e-commerce, and call centers, as well as offers Cocoon by Sealy branded products through online. It also operates a portfolio of retail brands, including Tempur-Pedic retail stores, Sleep Outfitters, Sleep Solutions Outlet, SOVA, and other retail brands. In addition, the company is involved in licensing its Sealy, Tempur, and Stearns & Foster brands, technology, and trademarks to other manufacturers.

After announcing improving sales trends at the end of May, this stock should have a strong earnings report on July 29. Additionally, the company recently announced its plans to acquire the UK based bedding company, Dreams. Tempur Sealy said it expects Dreams to generate about $450 million in the first year after the acquisition. The deal is expected to close in the third quarter.

We will be trading July 16th Call options

Last Trade: $39.48

Trading Range: $15.30 - $41.04

Trade Buy 1 July $37.50 Call at $2.70 For a net debit of $2.70 Profit/Loss Analysis Breakeven at $40.20 Maximum profit is unbounded Maximum loss is ($270.00) at strike of $37.00 Closing Summary Sold 1 July $37.50 Call at $1.90

Position closed on 7/16/2021 at price of $1.90 with a -29.63% loss in 32 days.

Updates

7/16/2021 11:38:10 AM

TPX option closed

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