Put Options on HAS on 10/17/2022

Hasbro, Inc. (HAS) operates as a play and entertainment company. 

Its Consumer Products segment engages in the sourcing, marketing, and sale of toy and game products. This segment also promotes its brands through the out-licensing of trademarks, characters, and other brand and intellectual property rights to third parties through the sale of branded consumer products, such as toys and apparels. Its toys and games include action figures, arts and crafts and creative play products, fashion and other dolls, play sets, preschool toys, plush products, sports action blasters and accessories, vehicles and toy-related specialty products, games, and other consumer products; and licensed products, such as apparels, publishing products, home goods and electronics, and toy products.

The company's Wizards of the Coast and Digital Gaming segment engages in the promotion of its brands through the development of trading card, role-playing, and digital game experiences based on Hasbro and Wizards of the Coast games.

Its Entertainment segment engages in the development, acquisition, production, distribution, and sale of world-class entertainment content, including film, scripted and unscripted television, family programming, digital content, and live entertainment.  

The Company reports October 18th. Ahead of that, shares have formed a bearish flag and lower share prices are expected.

We will be trading October 21 Put options

Entry Point: $66.60

Trading Range: $65.835 to $105.73

Trade Buy 1 October $67.50 Put at $2.50 For a net debit of $2.50 Profit/Loss Analysis Breakeven at $65.00 Maximum profit is unbounded Maximum loss is ($250.00) at strike of $68.00 Closing Summary Sold 1 October $67.50 Put at $3.75

Position closed on 10/20/2022 at price of $3.75 with a 50.00% gain in 3 days.

Back to Portfolio