Call Options on HOG on 11/21/2022

Harley-Davidson, Inc. (HOG) manufactures and sells motorcycles. 

The company operates in two segments, Motorcycles and Related Products and Financial Services.

The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services. 

The Financial Services segment provides wholesale financing services, such as floorplan and open account financing of motorcycles, and parts and accessories; and retail financing services, including installment lending for the purchase of new and used Harley-Davidson motorcycles, as well as point-of-sale protection products comprising motorcycle insurance, extended service contracts, and motorcycle maintenance protection. 

On October 26th, HOG reported 3rd Quarter September 2022 earnings of $1.78 per share on revenue of $1.6 billion. The consensus earnings estimate was $1.45 per share on revenue of $1.4 billion. Revenue grew 20.7% on a year-over-year basis. Shares are climbing higher along a trendline as shown on the chart.

We will trade December 16th call options

Entry Point: $47.50

Trading Range: $29.80 to $48.72

Trade Buy 1 December $46.00 Call at $2.80 For a net debit of $2.80 Profit/Loss Analysis Breakeven at $48.80 Maximum profit is unbounded Maximum loss is ($280.00) at strike of $46.00 Closing Summary Sold 1 December $46.00 Call at $0.00

Position closed on 12/16/2022 at price of $0.00 with a -100.00% loss in 25 days.

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