Call Options on XPO on 8/14/2023

XPO, Inc. (XPO) provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. 

The company operates in two segments, North American LTL and European Transportation.

The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services. This segment also offers cross-border U.S., Mexico, Canada, and the Caribbean, as well as engages in the operation of trailer manufacturing.

The European Transportation segment offers dedicated truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding and multimodal solutions, such as road-rail and road-short sea combinations.

It provides its services to customers in various industries, such as industrial and manufacturing, retail and e-commerce, food and beverage, logistics and transportation, and consumer goods. 

Shares have formed a bullish "cup and handle" and higher share prices are expected. On August 4th, XPO reported earnings of $0.71 per share on revenue of $1.92 billion for the second quarter ended June 2023. The consensus earnings estimate was $0.61 per share on revenue of $1.94 billion. The company beat consensus estimates by 16.39%. Hhigher share prices are expected.

 We will be trading September 15th Call Options

Entry Point: $73.22

Trading Ragne: $24.75 to $76.77

Trade Buy 1 September $72.50 Call at $4.00 For a net debit of $4.00 Profit/Loss Analysis Maximum profit is unbounded Maximum loss is ($400.00) at strike of $72.00 Closing Summary Sold 1 September $72.50 Call at $0.00

Position closed on 9/15/2023 at price of $0.00 with a -100.00% loss in 32 days.

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