Lumen Technologies call buyer realizes 72% same-day gains
The Fly

Lumen Technologies call buyer realizes 72% same-day gains

Notable profits for the buyer who lifted the $0.27 offer for 5,663 Lumen Technologies (LUMN) 9/6 weekly 5 calls yesterday at 13:09ET when underlying shares were trading at $5.14. Shares closed at $5.38, and the calls at $0.46 for a mark-to-market profit of 72%, or $110K, on the $153K outlay.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App