Insider trade on Splunk acquisition?
Can someone explain the mechanics of this specific trade to a noob? The trader bought 550k options yesterday for SPLK to hit $127&#x2F;share? Since that seemed highly unlikely they were only priced at $.04 each. but now that SPLK is at $145&#x2F;share they are worth $18 each? so that would be a profit of ~$10m?