Notable profits for the buyer who lifted the $0.30 offer for 3,695 First Republic (FRC) May-23 5 puts yesterday at 09:32ET when underlying shares were trading at $11.76. Shares closed at $8.10, and the puts at $1.18 for a mark-to-market profit of 292%, or $323K, on the $111K outlay.
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Published first on TheFly
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