Notable profits for the buyer who lifted the $1.13 offer for 2,110 Cloudflare (NET) 5/31 weekly 75 calls yesterday at 14:00ET when underlying shares were trading at $74.26. Shares closed at $75.20, and the calls at $1.63 for a mark-to-market profit of 44%, or $105K, on the $238K outlay.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NET:
- Cloudflare CEO: As the world gets scarier, it’s better for our business
- ZS, FTNT, or PANW: Which Cybersecurity Stock Could Generate the Highest Returns?
- DA Davidson technology analysts to hold an analyst/industry conference call
- Cloudflare price target lowered to $90 from $95 at Citi
- Cloudflare upgraded to Buy from Hold at DZ Bank
Questions or Comments about the article? Write to editor@tipranks.com