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.
Claim 50% 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 LRN:
