Notable profits for the buyer who lifted the $0.73 offer for 1,271 E.l.f. Beauty (ELF) 11/22 weekly 125 calls yesterday at 15:49ET when underlying shares were trading at $115.24. Shares closed at $119.00, and the calls at $1.57 for a mark-to-market profit of 115%, or $107K, on the $93K 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 ELF:
- Elf Beauty issues statement in response to short-seller report
- Elf Beauty slides after Muddy Waters goes short, questions revenue
- Muddy Waters short Elf Beauty, sees ‘revenue and inventory mystery’
- Elf Beauty down 8% after Muddy Waters short report
- E.l.f. Beauty put volume heavy and directionally bearish