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K12 put buyer realizes 101% same-day gains

Notable profits for the buyer who lifted the $4.00 offer for 1,141 K12 (LRN) Feb-26 90 puts yesterday at 09:30ET when underlying shares were trading at $90.97. Shares closed at $82.75, and the puts at $8.06 for a mark-to-market profit of 101%, or $463K, on the $456K outlay.

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