Notable profits for the buyer who lifted the $3.30 offer for 4,041 Microsoft (MSFT) Jul-24 467.5 calls yesterday at 12:32ET when underlying shares were trading at $461.88. Shares closed at $466.25, and the calls at $5.39 for a mark-to-market profit of 63%, or $844K, on the $1334K outlay.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 MSFT:
- M&A News: HubSpot (NYSE:HUBS) Plummets as Google Scraps Acquisition Plans
- New Game Pass at Microsoft (NASDAQ:MSFT) Raises Ire, Shares Gain
- Why the Magnificent Seven’s Success Is Making Investors Nervous
- Microsoft, Apple Relinquish Observer Seats on OpenAI’s Board
- Microsoft, Apple drop OpenAI board seats, FT reports