With Keurig Green Mountain trading around $51 late on Friday, one "hopeful" options trader decided it was an opportune time to buy 99 $60 call options (controlling 9,900 shares or around $594,000 worth at the strike) which unless something miraculous happened would expire entirely worthless within a week. Well... a miracle happened over the weekend, CMGR was bought at a 78% premium and that "lucky" options trader cashed in his lottery ticket with a 60,000% return.
[2]
With a strike requiring a 20% gain in less than 7 days... seems like a very lucky last-minute winning buyer of this lottery ticket.
h/t @SJosephBurns
