Labcorp

Discussion in 'Options' started by oldnemesis, Oct 24, 2015.

  1. LH
    http://finance.yahoo.com/news/labcorp-well-poised-covance-buyout-172505801.html

    http://finance.yahoo.com/news/currency-dampener-labcorp-lh-q3-204808613.html

    http://finance.yahoo.com/q/ks?s=LH+Key+Statistics

    http://finance.yahoo.com/q/co?s=LH+Competitors

    http://finance.yahoo.com/echarts?s=LH+Interactive#{"range":"2y","allowChartStacking":true}

    http://finance.yahoo.com/q/is?s=LH&annual

    http://www.msn.com/en-us/money/stockdetails/financials/fi-126.1.LH.NYS

    LH does not offer a dividend

    LH closed on Friday at 111.95

    Trade:
    May 95/90 bull put spread for a net credit of $65
    Yield = 65/435 = 14.9% in 209 days or 26% annualized
    Prob = 76%

    Price........... Profit / Loss......... ROM %
    65.00............. (435.00)............. -85.10%
    80.00............. (435.00)............. -85.10%
    90.00............. (435.00)............. -85.10%
    94.35.................. 0.00................. 0.00%
    95.00................ 65.00................ 14.90%
    100.00.............. 65.00................ 14.90%
    110.00.............. 65.00................ 14.90%
    125.00.............. 65.00................ 14.90%
    130.00.............. 65.00................ 14.90%




    I will revise this plan on Monday after I see earnings and the market reaction to earnings. I actually don't expect any surprise on either front...but we'll see.
     
    Last edited: Oct 24, 2015