Put Options on CLFD on 10/30/2023

Clearfield, Inc. (CLFD) manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. 

The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures.

It also provides WaveSmart, which are optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and outdoor cabinet and fiber active cabinet products.

The company offers StreetSmart, a portfolio of fiber management products; FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment; and YOURx platform that consists of hardened terminals, test access points, and various drop cable options for portions of the access network across various fiber drop cable media. 

Shares have fallen below a support level and lower share prices are expected. 

Last Trade: $23.54

Trading Range: $23.49 - $134.90

Trade Buy 1 November $22.50 Put at $1.05 For a net debit of $1.05 Profit/Loss Analysis Breakeven at $21.45 Maximum profit is unbounded Maximum loss is ($105.00) at strike of $23.00 Closing Summary Sold 1 November $22.50 Put at $0.00

Position closed on 11/27/2023 at price of $0.00 with a -100.00% loss in 28 days.

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