Put Options on SCHW on 4/10/2023

The Charles Schwab Corporation (SCHW) operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services.  

The company operates in two segments, Investor Services and Advisor Services.

It offers brokerage accounts with equity and fixed income trading, margin lending, options trading, futures and forex trading, and cash management capabilities, including certificates of deposit; third-party mutual funds through the Mutual Fund Marketplace and Mutual Fund OneSource service, as well as mutual fund trading and clearing services to broker-dealers; exchange-traded funds; advisory solutions for managed portfolios, separately managed accounts, customized personal advice for tailored portfolios, specialized planning, and full-time portfolio management; banking products comprising checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust custody services, personal trust reporting services, and administrative trustee services.

It also provides digital retirement calculators; integrated web-, mobile-, and software-based trading platforms, real-time market data, options trading, premium research, and multi-channel access; self-service education and support tools; online research and analysis tools; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retirement plan services.

Shares have formed a bearish "flag" pushiong shares to a low on company's exposure to Regional banks and elevated interest rates. Lower share prices are expected.

We will be trading May 19th Put Options

Last Trade: $49.35

Trading Range: $45.00 - $86.63

Trade Buy 1 May $50.00 Put at $3.60 For a net debit of $3.60 Profit/Loss Analysis Breakeven at $46.40 Maximum profit is unbounded Maximum loss is ($360.00) at strike of $50.00 Closing Summary Sold 1 May $50.00 Put at $4.00

Position closed on 5/19/2023 at price of $4.00 with a 11.11% gain in 39 days.

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