Notable profits for the buyer who lifted the $0.50 offer for 3,035 British American Tobacco (BTI) Nov-24 36 calls yesterday at 09:37ET when underlying shares were trading at $35.10. Shares closed at $35.45, and the calls at $0.81 for a mark-to-market profit of 62%, or $94K, on the $152K outlay.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- 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 BTI:
- British American Tobacco call volume above normal and directionally bullish
- Unusually active option classes on open October 14th
- Buy/Sell: Wall Street’s top 10 stock calls this week
- British American downgraded to Underweight from Overweight at Morgan Stanley
- British American price target raised to 3,250 GBp from 3,100 GBp at Barclays