Notable profits for the buyer who lifted the $5.01 offer for 1,082 Meta Platforms (Facebook) (META) 4/5 weekly 525 puts yesterday at 14:15ET when underlying shares were trading at $523.40. Shares closed at $510.92, and the puts at $14.62 for a mark-to-market profit of 192%, or $1040K, on the $542K 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 – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on META:
- OpenAI’s Text-to-Video Sora: AI Training with YouTube Data Sparks Controversy
- GOOGL, META, AMZN: Top Analyst Bullish Amid Rising U.S. Ad Spending
- Meta Stock (NASDAQ:META) News: Here’s What Investors Need to Know
- Meta Platforms price target raised to $585 from $550 at Jefferies
- 5 Best AI Stocks to Buy in April 2024, According to Analysts