tiprankstipranks
Taiwan Semi put buyer realizes 158% same-day gains
The Fly

Taiwan Semi put buyer realizes 158% same-day gains

Notable profits for the buyer who lifted the $1.16 offer for 2,998 Taiwan Semi (TSM) Oct-24 182.5 puts yesterday at 09:43ET when underlying shares were trading at $191.96. Shares closed at $187.13, and the puts at $2.99 for a mark-to-market profit of 158%, or $550K, on the $348K outlay.

Pick the best stocks and maximize your portfolio:

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