Notable profits for the buyer who lifted the $2.66 offer for 4,312 Rivian (RIVN) Apr-23 17.5 puts yesterday at 10:30ET when underlying shares were trading at $16.11. Shares closed at $15.76, and the puts at $2.85 for a mark-to-market profit of 7%, or $81K, on the $1148K outlay.
Published first on TheFly
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