Notable profits for the buyer who lifted the $0.67 offer for 7,000 Lightspeed POS (LSPD) Feb-24 18 puts yesterday at 11:18ET when underlying shares were trading at $19.95. Shares closed at $19.57, and the puts at $0.92 for a mark-to-market profit of 37%, or $173K, on the $472K outlay.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on LSPD:
- Lightspeed Announces Third Quarter 2024 Financial Results
- LSPD Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Lightspeed price target raised to $20 from $14 at Wells Fargo
- Lightspeed price target raised to $25 from $20 at National Bank
- Lightspeed Commerce Announces Table Side; Roster of New Product Innovations Designed to Increase Customer Efficiency and Cost Effectiveness