lundi 30 mars 2015
How a trader just made $2.4 million in half an hour
Posted on 20:21 by nice news
In a very well-timed trade, a trader made over $2 million in just 28 minutes, playing what could be one of the biggest tech deals this year.
The Wall Street Journal reported on Friday that Intel is in talks to buy competitor chipmaker Altera. Shares of Altera shares soared 28 percent when the report was released, valuing the company at $13.4 billion by the end of trading on Friday.
For one trader, the report allowed for incredible profits in a very short amount of time.
On Friday at 3:32 pm EDT, Journal M&A report Dana Mattioli tweeted:
Within seconds, a trader jumped into the options market and bought 3,158 contracts of the April 36-strike calls priced at about 35 cents. As each contract controls 100 shares, the trader's total cost was $110,530. A call is a bullish wager that gives the purchaser the right to buy a stock at a given price on a set date.
The Wall Street Journal reported on Friday that Intel is in talks to buy competitor chipmaker Altera. Shares of Altera shares soared 28 percent when the report was released, valuing the company at $13.4 billion by the end of trading on Friday.
For one trader, the report allowed for incredible profits in a very short amount of time.
On Friday at 3:32 pm EDT, Journal M&A report Dana Mattioli tweeted:
Within seconds, a trader jumped into the options market and bought 3,158 contracts of the April 36-strike calls priced at about 35 cents. As each contract controls 100 shares, the trader's total cost was $110,530. A call is a bullish wager that gives the purchaser the right to buy a stock at a given price on a set date.
How a trader just made $2.4 million in half an hour
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