Bulls Stomp Into Huge Profits With Timberland Call Options
Bullish strategists positioning for Timberland's shares to rebound following the steep drop picked up roughly 500 call options at the June $35 strike between May 5 and May 17 for an average premium of $0.89 per contract. News of VF Corp.'s bid for TBL sent shares in the name flying, thereby pushing the value of the now deep in-the-money call options up to an average of $7.80 a-pop today.
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