Put Options on VNT on 2/22/2022

Vontier Corporation (VNT) engages in the research and development, manufacture, sale, and distribution of critical technical equipment, components, software, and services for manufacturing, repair, and servicing in the mobility infrastructure industry worldwide. 

The company offers a range of solutions, including environmental sensors, fueling equipment, field payment hardware, remote management and workflow software, and vehicle tracking and fleet management software solutions for traffic light control and vehicle mechanics', and technicians' equipment.

Its mobility technologies products include solutions and services in the areas of fuel dispensing, remote fuel management, point-of-sale and payment systems, environmental compliance, vehicle tracking and fleet management, and traffic management; and diagnostics and repair technologies products comprise vehicle repair tools, toolboxes, automotive diagnostic equipment, and software, as well as wheel-service equipment for automotive tire installation and repair shops, including brake lathes, tire changers, wheel balancers, and wheel weights under the AMMCO and COATS brand names.

Shares have formed a bearish "flag" following the company's latest quarterly results. The Company reported 4th Quarter December 2021 earnings of $0.83 per share on revenue of $790.2 million. The consensus earnings estimate was $0.80 per share on revenue of $818.1 million. Revenue fell 3.0% compared to the same quarter a year ago. Lower share prices are expected.

We will be trading March 18th Put options

Last Trade: $24.48

Trading Range: $24.05 - $37.08

Trade Buy 1 March $25.00 Put at $1.10 For a net debit of $1.10 Profit/Loss Analysis Breakeven at $23.90 Maximum profit is unbounded Maximum loss is ($110.00) at strike of $25.00 Closing Summary Sold 1 March $25.00 Put at $1.85

Position closed on 3/4/2022 at price of $1.85 with a 68.18% gain in 10 days.

Updates

3/4/2022 2:10:45 PM

VNT $25 Put closed at $1.85

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