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Block, Inc. (SQ) creates tools that enables sellers to accept card payments and provides reporting and analytics, and next-day settlement. 
The company provides hardware products, including Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a payments device and receipt printer to replace traditional keypad terminals, which accepts tap, dip, and swipe payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Reader for contactless and chip that accepts EMV chip cards and NFC payments, enabling acceptance through Apple Pay, Google Pay, and other mobile wallets; and Square Reader for magstripe, which enables swiped transactions of magnetic-stripe cards by connecting with an iOS or Android smartphone or tablet through the headphone jack or Lightning connector.
It also offers various commerce products, including Square for Restaurants; Square Appointments; Square for Retail; Square Point of Sale; Square Online; Square Online Checkout; Square Invoices; Square Virtual Terminal; Risk Manager; Order Manager; Payment application programming interfaces (APIs); and Commerce APIs.
In addition, the company provides Cash App, an ecosystem of financial products and services that enables customers to store, send, receive, spend, or invest their money.
Shares fell sharply last month after a major short-seller issued a negative report on the company and recommended shorting the stock. Shares have attempted to recover but have reached an overhead resistance and we think lower share prices are ahead.
We will be trading June 16th Put Options
Entry Point: $59.00
Trading Range: $51.34 to $93.19
Trade
Profit/Loss Analysis
Closing Summary
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