Notable profits for the buyer who lifted the $7.00 offer for 10,025 Pinduoduo (PDD) 4/11 weekly 125 calls yesterday at 10:36ET when underlying shares were trading at $119.21. Shares closed at $120.21, and the calls at $7.48 for a mark-to-market profit of 7%, or $480K, on the $7018K outlay.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PDD:
- JD Earnings: JD.com Profits Leap as Beijing’s Efforts to Boost Consumption Start to Bear Fruit
- Amazon (AMZN) to Expand Its Budget-Friendly Marketplace to Compete with Temu
- Amazon to expand its Temu rival Haul to Europe this year, Information reports
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Unusually active option classes on open February 24th