Notable profits for the buyer who lifted the $4.00 offer for 7,010 MicroStrategy (MSTR) 6/6 weekly 385 calls yesterday at 14:37ET when underlying shares were trading at $364.08. Shares closed at $369.06, and the calls at $4.77 for a mark-to-market profit of 19%, or $537K, on the $2804K outlay.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSTR:
- Walmart, Cisco, Home Depot, Strategy, and Snowflake: Major Stock Moves Revealed!
- Why Is GameStop Stock (GME) Crashing after a Bullish Bitcoin Buy?
- Crypto Currents: SEC dismisses lawsuit against Binance
- SEC dismisses lawsuit against Binance crypto exchange, Reuters reports
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories