Put Options on TDS on 7/25/2022

Telephone and Data Systems, Inc. (TDS) provides communications services in the United States. 

It operates through two segments: UScellular and TDS Telecom.

The company offers wireless solutions to consumers and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.

It also provides replace and repair services; Trade-In program through which it buys customers' used equipment; internet connections and all-home WI-FI services; TDS TV+, an integrated cloud television platform that offers video content; local and long-distance telephone service, VoIP, and enhanced services; and broadband, IP-based services, and hosted voice and video collaboration services.

On May 5th, TDS reported 1st Quarter March 2022 earnings of $0.37 per share on revenue of $1.3 billion. The consensus earnings estimate was $0.26 per share on revenue of $1.3 billion. Revenue fell 0.2% compared to the same quarter a year ago. Next earnings report is on August 4th. Shares have fallen below a support level and lower share prices are expected.

Last Trade: $14.74

Trading Range: $14.46 to $23.52

Trade Buy 1 August $15.00 Put at $0.85 For a net debit of $0.85 Profit/Loss Analysis Breakeven at $14.15 Maximum profit is unbounded Maximum loss is ($85.00) at strike of $15.00 Closing Summary Sold 1 August $15.00 Put at $0.00

Position closed on 8/26/2022 at price of $0.00 with a -100.00% loss in 32 days.

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