Notable profits for the buyer who lifted the $0.92 offer for 3,551 GameStop (GME) Jul-24 27.5 calls yesterday at 09:39ET when underlying shares were trading at $25.80. Shares closed at $27.00, and the calls at $1.41 for a mark-to-market profit of 53%, or $173K, on the $327K 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 GME:
- Take-Two (NASDAQ:TTWO) Becomes One of Jefferies’ Leading Picks, Shares Rise
- What You Missed This Week in Video Games
- Koss extends rally after-hours amid meme stock speculation
- Chewy (NYSE:CHWY) Rises Amid Roaring Kitty Drama
- ‘Roaring Kitty’ sued for ‘pump-and-dump’ scheme with GameStop stock, NYP says