Notable profits for the buyer who lifted the $1.58 offer for 2,557 Prologis (PLD) Jul-24 120 puts yesterday at 11:24ET when underlying shares were trading at $121.77. Shares closed at $120.15, and the puts at $2.39 for a mark-to-market profit of 51%, or $206K, on the $404K outlay.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- 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 PLD:
- Options Volatility and Implied Earnings Moves This Week, July 15 – July 19, 2024
- PLD Earnings this Week: How Will it Perform?
- BMO Capital real estate analysts hold analyst/industry conference call
- Prologis added to ‘Analyst Current Favorites’ list at Raymond James
- Prologis price target lowered to $120 from $130 at Mizuho