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Bank of America put buyer realizes 194% same-day gains

Notable profits for the buyer who lifted the $0.06 offer for 8,449 Bank of America (BAC) Oct-23 27 puts yesterday at 10:15ET when underlying shares were trading at $27.93. Shares closed at $27.31, and the puts at $0.18 for a mark-to-market profit of 194%, or $98K, on the $51K outlay.

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