Notable profits for the buyer who lifted the $1.75 offer for 4,944 Goodyear Tire (GT) Nov-23 11 calls yesterday at 10:40ET when underlying shares were trading at $12.40. Shares closed at $12.82, and the calls at $2.08 for a mark-to-market profit of 19%, or $162K, on the $865K 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>>
See today’s best-performing stocks on TipRanks >>
Read More on GT:
- Goodyear Tire call volume above normal and directionally bullish
- Goodyear Tire says fire damaged portion of Debica manufacturing facility
- Goodyear’s (NASDAQ:GT) Strategic Move: Shifting to Third-Party Model for APAC Growth
- White House plans emergency aid for auto suppliers, WaPo reports
- Goodyear Tire put volume heavy and directionally bearish