Notable profits for the buyer who lifted the $0.25 offer for 9,851 Cassava Sciences (SAVA) Feb-25 3 calls yesterday at 10:51ET when underlying shares were trading at $2.65. Shares closed at $2.75, and the calls at $0.40 for a mark-to-market profit of 60%, or $149K, on the $246K outlay.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
