Notable profits for the buyer who lifted the $1.20 offer for 9,264 Fidelity National Information Services (FIS) Mar-23 82.5 calls yesterday at 11:07ET when underlying shares were trading at $73.95. Shares closed at $75.04, and the calls at $1.48 for a mark-to-market profit of 23%, or $255K, on the $1112K outlay.
Published first on TheFly
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Read More on FIS:
- Fidelity National Information Services call volume above normal and directionally bullish
- Baird says FIS could be valued at $85-$105/share in strategic takeout scenario
- FIS takeover rumors mentioned in Betaville blog
- FIS downgraded to Equal Weight from Overweight at Barclays
- FIS expectations staying conservative for now, says Susquehanna
