Best Stock on the Market

Put Options on CNK on 1/3/2023

Cinemark Holdings, Inc. (CNK), together with its subsidiaries, engages in the motion picture exhibition business. As of June 30, 2022, it operated 522 theatres with 5,868 screens in the United States, and South and Central America. Stockwinners

On November 4th, Cinemark Holdings (CNK) reported a 3rd Quarter September 2022 loss of $0.20 per share on revenue of $650.4 million. Share have formed a bearish "flag" and lower share prices are expected.

 

Last Trade: $8.66

Trading Range: $8.28 to $19.76

Trade

  • Buy 1 January $10.00 Put at $1.50
  • For a net debit of $1.50

Profit/Loss Analysis

  • Breakeven at $8.50
  • Maximum profit is unbounded
  • Maximum loss is ($150.00) at strike of $10.00

Closing Summary

  • Sold 1 January $10.00 Put at $0.00

Position closed on 1/20/2023 at price of $0.00 with a -100.00% loss in 17 days.

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