Notable profits for the buyer who lifted the $6.60 offer for 1,500 JPMorgan (JPM) Apr-23 140 puts yesterday at 10:39ET when underlying shares were trading at $139.44. Shares closed at $136.57, and the puts at $8.18 for a mark-to-market profit of 24%, or $236K, on the $990K outlay.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on JPM:
- Hsu says some big banks could face breakup, WSJ reports
- Lottomatica picks banks for potential IPO, Reuters reports
- JPMorgan price target raised to $165 from $150 at Citi
- JPMorgan price target raised to $157 from $150 at Piper Sandler
- Financial Giants Q4 Roundup: JPM, BAC, BLK Beat Expectations While Citi Delivers Mixed Results