
Obviously the buyer, with less than 20 minutes until the final bell, timed his/her put investment quite well! With shares of BBBY trading $65.50 these July 67.50 puts are intrinsically worth $2.00 with perhaps another $1.00 of extrinsic premium as well. Thus the resulting profit of nearly $2.00 on a roughly $1.00 investment. Doing the math, 1500 contracts on this trade means a profit of some $300,000 in 20 minutes!


