Notable profits for the buyer who lifted the $11.00 offer for 1,246 Micron (MU) 1/23 weekly 345 puts yesterday at 11:10ET when underlying shares were trading at $343.61. Shares closed at $336.63, and the puts at $14.73 for a mark-to-market profit of 34%, or $465K, on the $1371K 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 MU: