Shares of football club Manchester United PLC (NYSE:MANU) surged over 65% in five days following a report that Apple Inc. (NASDAQ:AAPL) is interested in buying the soccer team.

What Happened: Manchester United had announced that the soccer team’s owners are weighing a potential sale and said it was commencing a process to explore strategic alternatives, including a new investment.

As a result of the surge in the stock price, Manchester United added over a billion dollars in market capitalization over the last few days. However, later MacRumours claimed that the report was not true.

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Prior to the stake sale report, Manchester United shares were trading close to the $13-mark.

Had you purchased the $15-strike Call option of Dec. 16 expiry on Tuesday — when the soccer club announced the potential sale process — at the closing price of $0.62, you would have made a 10-fold return in a matter of three days.

The option closed at $6.7 on Friday, according to data by Barchart.

Benzinga’s Take: Manchester United stock witnessed a major breakout on Nov. 22, breaching the long-term resistance of close to the $15-mark. However, the stock closed below that level at the end of the session, which did not provide a strong confirmation of the potential trend.

Chart Courtesy: Benzinga Pro

On Nov. 23 the stock witnessed another strong upward movement. That was the day when risk-averse traders could have bought the Call option between $1.55-4 levels. Despite the late entry, the option price shows there was a potential for over a 50% gain by Friday.

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