Put Options on VSCO on 2/26/2024

Victoria's Secret & Co. (VSCO) operates as a specialty retailer of women's intimate, and other apparel and beauty products worldwide.

It offers intimate apparel, bras, panties, lingerie, sleepwear, loungewear, athletic attire, swimwear, and sport and swim products, as well as beauty products, including fine fragrance, mists, and PINK Beauty products and accessories under the Victoria's Secret, PINK, Victoria's Secret Beauty, and Adore Me brands.

The company provides its products through its retail stores; websites, such as VictoriasSecret.com, PINK.com, and AdoreMe.com; and other online channels. It also operates stores under the franchise, license, and wholesale arrangements.

The company was incorporated in 2021 and is headquartered in Reynoldsburg, Ohio.

Please note, this stock reports earnings on Wednesday March 6th.

Victoria's Secret & Co. reported a loss of $0.86 per share on revenue of $1.27 billion for the fiscal third quarter ended October 2023. The consensus estimate was a loss of $0.80 per share on revenue of $1.27 billion. The company missed expectations by 22.86% while revenue fell 4.02% compared to the same quarter a year ago.

The company said it expects fourth quarter earnings of $2.20 to $2.60 per share on revenue of $2.06 billion to $2.10 billion. The current consensus earnings estimate is $2.42 per share on revenue of $2.08 billion for the quarter ending January 31, 2024.

We will be trading March 15th Put Options.

Last Trade: $29.47

Trading Range: $13.62 - $40.57

Trade Buy 1 March $26.00 Call at $0.85 For a net debit of $0.85 Profit/Loss Analysis Breakeven at $26.85 Maximum profit is unbounded Maximum loss is ($85.00) at strike of $26.00 Closing Summary Sold 1 March $26.00 Call at $8.20

Position closed on 3/8/2024 at price of $8.20 with a 864.71% gain in 10 days.

Back to Portfolio