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Call Options on ENTG on 9/13/2021

Entegris, Inc. (ENTG) develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions for manufacturing processes in the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

Bullish Cup and Handle on $ ENTGIt operates through three segments: Specialty Chemicals and Engineered Materials (SCEM); Microcontamination Control (MC); and Advanced Materials Handling (AMH).

The SCEM segment offers high-performance and high-purity process chemistries, gases, and materials, as well as delivery systems to support semiconductor and other advanced manufacturing processes. The MC segment provides solutions to filter and purify critical liquid chemistries and gases used in semiconductor manufacturing processes and other high-technology industries.

The AMH segment develops solutions to monitor, protect, transport, and deliver critical liquid chemistries, wafers, and other substrates for application in the semiconductor and other high-technology industries.

The company's customers include semiconductor device manufacturers, semiconductor equipment makers, gas and chemical manufacturing companies, and wafer grower companies; and flat panel display equipment makers, panel manufacturers, and manufacturers of hard disk drive components and devices and their related ecosystems. It also serves manufacturers and suppliers in the solar and life science industries, electrical discharge machining customers, glass and glass container manufacturers, aerospace manufacturers, and manufacturers of biomedical implantation devices.

This stock is nearing it's buy point as it breaks out of it's "bullish cup and handle" formation.

We will be trading October 15th Call Options

Last Trade: $120.64

Trading Range: $64.96 - $126.41

 

Trade

  • Buy 1 October $120.00 Call at $5.00
  • For a net debit of $5.00

Profit/Loss Analysis

  • Breakeven at $125.00
  • Maximum profit is unbounded
  • Maximum loss is ($500.00) at strike of $120.00

Closing Summary

  • Sold 1 October $120.00 Call at $10.00

Position closed on 10/15/2021 at price of $10.00 with a 100.00% gain in 32 days.

Updates

10/15/2021 12:55:56 PM

ENTG call options closed at $10

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