Notable profits for the buyer who lifted the $10.90 offer for 1,125 Alibaba (BABA) Dec-23 85 puts yesterday at 11:04ET when underlying shares were trading at $90.44. Shares closed at $89.00, and the puts at $11.44 for a mark-to-market profit of 5%, or $61K, on the $1226K outlay.
Published first on TheFly
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