Sell Criteo Puts for One Week 47% Gain

By Linda McDonough • March 27, 2018

Sell to close the July 20, 2018 put on Criteo (NSDQ: CRTO) with a strike price of $30 at $4.35 or higher. Symbol (CRTO180720P30)

Book the 47% one-week gain in this bearish position. I am still very bearish on the group but like to book a nice gain when it presents itself.

There’s not much good news in the digital ad space this week. Facebook (NSDQ: FB) continues to weaken on new investigations into its sharing of user information. I believe the disruption in management focus and a pullback from advertisers will feed into Facebook’s counterparties, one of them being Criteo.

I will likely look for another entry point into this trade but book the gain now and we will revisit the idea.

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Paul

03/27/18 ‐ 9:58am ET March 27, 2018 at 9:58am ET

Sold Puts for a nice gain on Fidelity. Thank you Linda.

Linda McDonough

03/27/18 ‐ 10:08am ET March 27, 2018 at 10:08am ET

Subscribers-
Criteo quickly turned green after I issued my sell alert on the puts (it’s like they KNOW!). Hold firm with prices as I think the stock’s down days are not over.
Best,
Linda

Jeffrey Shultz

03/27/18 ‐ 2:32pm ET March 27, 2018 at 2:32pm ET

That’s good because SNAP and OMC suddenly decided to get all uppity.

Jeffrey Shultz

03/27/18 ‐ 10:16am ET March 27, 2018 at 10:16am ET

I chickened out yesterday, but with a big smile. Thanks again, Linda!

Ajax

03/27/18 ‐ 10:38am ET March 27, 2018 at 10:38am ET

I took my dog walk perhaps a minute before the alert. 15 minutes later, what was likely around $4.35 was down to $4.00. And now even lower than that. So I set up to sell at limit $4.35. Stayin’ the course.

Linda McDonough

03/28/18 ‐ 10:41am ET March 28, 2018 at 10:41am ET

Subscribers-
A heads up, these puts are trading right around my suggested exit price. (at 10:30 AM EST)
Linda

Rick

03/28/18 ‐ 12:29pm ET March 28, 2018 at 12:29pm ET

Linda, I was able to get out at $4.50 earlier today. I had left a GTC order to sell at $4.50 and it filled earlier this morning when the market was down. THX as always.

Linda McDonough

03/29/18 ‐ 10:06am ET March 29, 2018 at 10:06am ET

Subscribers-
Another heads up on CRTO. Looks like I sold too soon. There is a story on the wire that Facebook will stop providing information from its platform to data brokers. This directly hurts Crtieo’s business which relies on information from Facebook.
Best,
Linda

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About The Author

Linda McDonough

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Linda McDonough is a veteran hedge fund analyst who loves to break down company financial statements and identify market inefficiencies to uncover big opportunities. She believes in a boots-on-the-ground approach that includes surveying customers, interviewing company executives, or doing whatever it takes to see what others don't.

She's now brought her experience as a hedge fund analyst to subscribers of her Profit Catalyst Alert service. Her system identifies small- and mid-cap stocks that are about to move due to catalytic events that few others can identify...until it's too late. These events often times result in massive gains for her followers.