Best Stock on the Market

Put Options on HAIN on 5/23/2022

The Hain Celestial Group (HAIN) manufactures, markets, and sells organic and natural products in United States, United Kingdom, and internationally. Stockwinners

It operates through two segments, North America and International.

The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; and condiments. It also provides cooking and culinary oils; cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts, chilis, chocolate, and nut butters; and juices.

In addition, the company offers hot-eating desserts, cookies, refrigerated and frozen plant-based meat-alternative products, jams, fruit spreads, jellies, honey, natural sweeteners, and marmalade products, as well as other food products.

Further, it provides snack products comprising potato, root vegetable and other exotic vegetable chips, straws, tortilla chips, whole grain chips, pita chips, and puffs; and personal care products that include hand, skin, hair, and oral care products, as well as deodorants, baby food, body washes, sunscreens, and lotions under the Alba Botanica, Avalon Organics, Earth's Best, JASON, Live Clean, and Queen Helene brands name. 

Shares have formed a bearish "flag" following the company's latest quarterly report. On May 5th, HAIN reported 3rd Quarter March 2022 earnings of $0.33 per share on revenue of $502.9 million. The consensus earnings estimate was $0.46 per share on revenue of $520.6 million. 

Going forward, the company warned it expects fiscal 2022 revenue of approximately $1.97 billion. The company's previous guidance was revenue of approximately $2.02 billion and the current consensus revenue estimate is $1.95 billion for the year ending June 30, 2022. 

 

We will be trading June Put Options

 

Last Trade: $24.77

Trading Range: $24.11 - $48.88

Trade

  • Buy 1 June $25.00 Put at $1.20
  • For a net debit of $1.20

Profit/Loss Analysis

  • Breakeven at $23.80
  • Maximum profit is unbounded
  • Maximum loss is ($120.00) at strike of $25.00

Closing Summary

  • Sold 1 June $25.00 Put at $2.30

Position closed on 6/24/2022 at price of $2.30 with a 91.67% gain in 32 days.

Back to Portfolio