Notable profits for the buyer who lifted the $0.80 offer for 2,071 Robinhood (HOOD) 11/29 weekly 36 calls yesterday at 09:43ET when underlying shares were trading at $34.89. Shares closed at $36.65, and the calls at $1.51 for a mark-to-market profit of 89%, or $147K, on the $166K outlay.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOOD:
- Robinhood upgraded to Overweight from Equal Weight at Morgan Stanley
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Bernstein Says Robinhood (NASDAQ:HOOD) Stock Is a Winner in Crypto Deregulation
- Robinhood price target raised to $51 from $30 at Bernstein
- JMP says Robinhood acquisition of TradePMR ‘has strong strategic merits’