Call Options on DT on 6/12/2023

Dynatrace, Inc. (DT) provides a security platform for multicloud environments. 

It operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.

Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences. The company also offers implementation, consulting, and training services.

Dynatrace, Inc. markets its products through a combination of direct sales team and a network of partners, including resellers, system integrators, and managed service providers.

It serves customers in various industries comprising banking, insurance, retail, manufacturing, travel, and software. Shares have formed a bullish "cup and handle" following its latest quarterly report. 

On May 17th, DT reported Quarter March 2023 earnings of $0.33 per share on revenue of $314.5 million. The consensus earnings estimate was $0.22 per share on revenue of $305.0 million. Revenue grew 24.5% on a year-over-year basis.

We will be trading July 7th Call Options

Last Trade: $50.96

Trading Range: $31.54 to $52.99

Trade Buy 1 July $50.00 Call at $2.35 For a net debit of $2.35 Profit/Loss Analysis Breakeven at $52.35 Maximum profit is unbounded Maximum loss is ($235.00) at strike of $50.00 Closing Summary Sold 1 July $50.00 Call at $2.00

Position closed on 7/7/2023 at price of $2.00 with a -14.89% loss in 25 days.

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