New Trade (DDD) for 8/2/2017

11:20am (EST)

3D Systems (DDD, $16.90, down $0.18)

Buy to Open August 16 puts (DDD170818P00016000, $0.55, up $0.02)

Action: I like these put options at current levels and you can use a Limit Order up to 70 cents to get the best fills. These are the regular DDD August 16 puts that expire on August 18th, 2017. I will provide the parameters of the trade in today’s Mid-Market update.

Please note: This trade could be “all-or-nothing” due to earnings. If the company tops expectations and ups guidance, shares could rally towards the high teens. If so, the premium could take a massive hit with the chance of the options expiring worthless. If shares fall below $15, the trade will make 100%, or more.