Notable profits for the buyer who lifted the $0.37 offer for 1,967 Kenvue Inc (KVUE) 9/12 weekly 20 puts yesterday at 13:32ET when underlying shares were trading at $20.17. Shares closed at $18.62, and the puts at $1.72 for a mark-to-market profit of 365%, or $266K, on the $73K outlay.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KVUE:
- Positive Buy Rating for Kenvue, Inc. Amid Favorable Legal and Regulatory Developments
- BofA sees ‘particularly attractive entry point’ after Kenvue pullback
- Kenvue, Inc. Hold Rating: Concerns Over Tylenol-Autism Link and Strategic Uncertainty
- Kenvue Stock (KVUE) Plunges on Report Linking Tylenol to Autism
- HHS says report of Tylenol, autism link ‘speculation,’ Bloomberg reports