Coinbase call buyer realizes 39% same-day gains
The Fly

Coinbase call buyer realizes 39% same-day gains

Notable profits for the buyer who lifted the $5.90 offer for 1,288 Coinbase (COIN) 5/3 weekly 255 calls yesterday at 10:58ET when underlying shares were trading at $228.13. Shares closed at $236.32, and the calls at $8.19 for a mark-to-market profit of 39%, or $294K, on the $760K outlay.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App