Notable profits for the buyer who lifted the $0.60 offer for 1,375 PacWest Bancorp (PACW) 7/28 weekly 10 puts yesterday at 13:06ET when underlying shares were trading at $10.56. Shares closed at $7.69, and the puts at $2.64 for a mark-to-market profit of 340%, or $280K, on the $82K 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>>
See the top stocks recommended by analysts >>
Read More on PACW: