Notable profits for the buyer who lifted the $0.60 offer for 2,043 Zeta Global Holdings (ZETA) Mar-25 15 puts yesterday at 11:56ET when underlying shares were trading at $26.46. Shares closed at $17.76, and the puts at $2.45 for a mark-to-market profit of 309%, or $379K, on the $123K 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>>
Read More on ZETA:
- Zeta Global price target lowered to $24 from $42 at Canaccord
- Needham says Zeta selloff on short report overdone, remains buyer
- Zeta Global downgraded to Sector Weight from Overweight at KeyBanc
- Zeta Global downgraded to Sector Weight at KeyBanc with short theses mounting
- Zeta Global Denies Misleading Claims by Short-Seller