Notable profits for the buyer who lifted the $3.50 offer for 1,657 Avadel Pharmaceuticals (AVDL) Jan-25 17.5 calls yesterday at 09:59ET when underlying shares were trading at $17.07. Shares closed at $18.09, and the calls at $4.10 for a mark-to-market profit of 17%, or $100K, on the $580K outlay.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- 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>>
Read More on AVDL:
- Avadel Pharmaceuticals Shifts to Nasdaq, Ends ADR Program
- Avadel Pharmaceuticals to Present at the 23rd Annual Needham Healthcare Conference
- Avadel Pharmaceuticals call volume above normal and directionally bullish
- Avadel Pharmaceuticals put volume heavy and directionally bearish
- Avadel Pharmaceuticals price target raised to $22 from $20 at Needham