Best Stock on the Market

Call Options on STNG on 2/27/2023

Scorpio Tankers Inc. (STNG) engages in the seaborne transportation of refined petroleum products in the shipping markets worldwide. Stockwinners

As of March 18, 2022, the company's fleet consisted of 124 owned, finance leased, or bareboat chartered-in tankers, including 42 LR2, 6 LR1, 62 MR, and 14 Handymax with a weighted average age of approximately 6.2 years. 

On February 16th, Scorpio Tankers (STNG) reported Quarter December 2022 earnings of $4.24 per share on revenue of $493.7 million. The consensus earnings estimate was $4.38 per share on revenue of $482.2 million. Revenue grew 233.8% on a year-over-year basis.Since then shares have formed a bullish "cup and handle " and are expected to move higher from this formation.  

 

Entry Point: $61.25

Trading Range: $16.40 to $64.20

Trade

  • Buy 1 March $60.00 Call at $3.30
  • For a net debit of $3.30

Profit/Loss Analysis

  • Breakeven at $63.30
  • Maximum profit is unbounded
  • Maximum loss is ($330.00) at strike of $60.00

Closing Summary

  • Sold 1 March $60.00 Call at $0.00

Position closed on 3/17/2023 at price of $0.00 with a -100.00% loss in 18 days.

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