Zions Bancorp call buyer realizes 22% same-day gains

Notable profits for the buyer who lifted the $2.40 offer for 2,011 Zions Bancorp (ZION) Oct-24 47.5 calls yesterday at 10:42ET when underlying shares were trading at $45.38. Shares closed at $46.78, and the calls at $2.93 for a mark-to-market profit of 22%, or $107K, on the $483K outlay.

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