International Paper call buyer realizes 120% same-day gains
The Fly

International Paper call buyer realizes 120% same-day gains

Notable profits for the buyer who lifted the $0.15 offer for 5,000 International Paper (IP) 2/23 weekly 36 calls yesterday at 11:42ET when underlying shares were trading at $35.20. Shares closed at $35.80, and the calls at $0.33 for a mark-to-market profit of 120%, or $90K, on the $75K outlay.

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