Notable profits for the buyer who lifted the $0.55 offer for 5,000 Baker Hughes (BKR) Mar-24 30 calls yesterday at 11:08ET when underlying shares were trading at $29.36. Shares closed at $29.89, and the calls at $0.77 for a mark-to-market profit of 39%, or $108K, on the $275K outlay.
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 BKR:
- Baker Hughes reports U.S. rig count up 5 to 626 rigs
- Baker Hughes call volume above normal and directionally bullish
- QQQ ETF Update, 2/23/2024
- Baker Hughes Secures Major Multi-Year Well Construction Services Contract with Petrobras
- Baker Hughes secures major multi-year well construction services contract