How a trader made 1,300% of their money in minutes

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Options Action: Instant money in Zoetis

Options traders have been turning deal chatter into quick profits.

Thursday afternoon, trading in animal health company Zoetis was halted on a Wall Street Journal report that the company was approached by Canada-based drugmaker Valeant Pharmaceuticals for a potential takeover. When the stock reopened, shares soared more than 11 percent into the close. And that meant a cool win for one smart trader.

"Options volume ran hot right at the end of the trading day, with call volume running two times that of put volume," options expert Dan Nathan said Thursday on CNBC's "Fast Money."

And seemingly right as the news hit, one trader purchased 300 of the June 26 weekly 50-strike calls in Zoetis for 34 cents. Since buying a call option allows one the right to purchase a stock at a set price for a given time, this is a bullish bet that the stock would be above $50.34 by Friday.