Best Stock on the Market

Call Options on NFE on 8/1/2022

New Fortress Energy Inc. (NFE) operates as an integrated gas-to-power infrastructure company that provides energy and development services to end-users worldwide. Stockwinners

The company operates in two segments, Terminals and Infrastructure, and Ships.

The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation.

The Ships segment offers floating storage and regasification units, and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements.

The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; marine LNG storage and regasification facility in Sergipe, Brazil; and LNG receiving facility in La Paz, Mexico, as well as Miami facility.

On May 4th, New Fortress reported 1st Quarter March 2022 earnings of $1.13 per share on revenue of $505.1 million. The consensus earnings estimate was $0.65 per share on revenue of $501.7 million. Revenue grew 246.7% on a year-over-year basis. The next report is due on August 4th.

Shares have formed a bullish "wedge" formation and higher share prices are expected.

 

Entry Point: $48.50

Trading Range: $19.17 to $52.37

 

Trade

  • Buy 1 August $45.00 Call at $5.50
  • For a net debit of $5.50

Profit/Loss Analysis

  • Breakeven at $50.50
  • Maximum profit is unbounded
  • Maximum loss is ($550.00) at strike of $45.00

Closing Summary

  • Sold 1 August $45.00 Call at $9.50

Position closed on 8/9/2022 at price of $9.50 with a 72.73% gain in 8 days.

Updates

8/9/2022 1:53:16 PM

NFE August $45 Call Options closed at $9.50

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