Notable profits for the buyer who lifted the $0.25 offer for 3,360 Halliburton (HAL) 1/9 weekly 31.5 calls yesterday at 09:58ET when underlying shares were trading at $31.23. Shares closed at $32.17, and the calls at $0.80 for a mark-to-market profit of 222%, or $186K, on the $84K outlay.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HAL:
- DOE releases details on U.S. marketing of Venezuelan crude oil
- Halliburton price target raised to $39 from $38 at TD Cowen
- Halliburton price target raised to $36 from $29 at Susquehanna
- Halliburton downgraded to Sell from Hold at Freedom Capital
- Halliburton downgraded to In Line from Outperform at Evercore ISI