Put Options on WU on 10/4/2021

The Western Union Company ((WU) provides money movement and payment services worldwide. 

It operates in two segments, Consumer-to-Consumer and Business Solutions.

The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents and sub-agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through websites and mobile devices.

The Business Solutions segment provides payment and foreign exchange solutions, primarily cross-border and cross-currency transactions for small and medium size enterprises, other organizations, and individuals; and foreign currency forward and option contracts.

The company also offers bill payment services that facilitates payments from consumers to businesses and other organizations, as well as offers money order and other services. It serves primarily through a network of agents.

Shares are heading lower in a downward trading channel, and are expected to continue their decline. 

Last Trade: $20.54

Trading Range: $19.065 to $26.61

Trade Buy 1 November $21.00 Put at $1.00 For a net debit of $1.00 Profit/Loss Analysis Breakeven at $20.00 Maximum profit is unbounded Maximum loss is ($100.00) at strike of $21.00 Closing Summary Sold 1 November $21.00 Put at $2.50

Position closed on 10/27/2021 at price of $2.50 with a 150.00% gain in 23 days.

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