Notable profits for the buyer who lifted the $1.50 offer for 1,815 Meta Platforms Inc (META) 1/23 weekly 645 calls yesterday at 09:36ET when underlying shares were trading at $633.46. Shares closed at $647.63, and the calls at $5.79 for a mark-to-market profit of 286%, or $779K, on the $272K 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 META:
- Meta Stock (META) Buckles as China Deepens Probe into $2B Manus AI Deal
- Meta Platforms price target lowered to $785 from $875 at Stifel
- Meta Stock Slides as UK’s Latest Probe Adds to Regulatory Pressure in Europe
- Meta Platforms price target lowered to $754 from $795 at Wells Fargo
- Probe of Meta’s $2B Manus buyout deepened by China, Bloomberg reports