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Started By
Message
A trader turned $22,000 into approximately $10 million yesterday
Posted on 9/22/23 at 5:56 pm
Posted on 9/22/23 at 5:56 pm
quote:
Want to see a crazy trade?
Yesterday, someone OPENED $SPLK 127 calls, for $22,000, expiring tomorrow.
Then today Cisco Systems $CSCO announced acquiring Splunk for $28B, $SPLK up 20%.
The contracts were $0.04 yesterday, now $18.30.
They exited today for a 45,650% return...
LINK
Wonder when we find out who had inside knowledge. Remember only Congress members are allowed to inside trade.
This post was edited on 9/22/23 at 5:58 pm
27
Posted on 9/22/23 at 5:57 pm to stout
Congrats to dabigfella
Can I borrow $40 for a nice pack of steaks?
Can I borrow $40 for a nice pack of steaks?
Posted on 9/22/23 at 5:57 pm to stout
That was Pelosi’s husband. Nothing to see here.
Posted on 9/22/23 at 5:58 pm to stout
Definitely some funny business going on
Posted on 9/22/23 at 5:58 pm to stout
Posted on 9/22/23 at 6:00 pm to stout
Splunk is the Cadillac in their market. It would make sense to bet on them.
Posted on 9/22/23 at 6:02 pm to BeerMoney
quote:
Splunk is the Cadillac in their market. It would make sense to bet on them.
The dude bought $22K worth of weeklys set to expire the next day. That's not a bet as much as it was inside knowledge.
This post was edited on 9/22/23 at 6:04 pm
Posted on 9/22/23 at 6:05 pm to stout
thats insider trading. Most likely someone from Splunk new of the acquisition
Posted on 9/22/23 at 6:07 pm to stout
Who is the victim?
Posted on 9/22/23 at 6:08 pm to deeprig9
quote:
Who is the victim?
The people on the losing side of the trade
The money isn't generated out of thin air
Posted on 9/22/23 at 6:09 pm to stout
Unusual Whales is a good follow.
Also, is it a trade if the dude obviously had insider info? Seems more like a felony.
Also, is it a trade if the dude obviously had insider info? Seems more like a felony.
This post was edited on 9/22/23 at 6:10 pm
Posted on 9/22/23 at 6:10 pm to Duke
quote:
Unusual Whales is a good follow.
Follow The Kobeissi Letter if you like UW
@KobeissiLetter
quote:
Also, is it a trade if the dude obviously had insider info? Seems more like a felony.
The way this trade is being spoken about on social media is sure to get the attention of the SEC
Unless it was a Senator or something
This post was edited on 9/22/23 at 6:12 pm
Posted on 9/22/23 at 6:12 pm to deeprig9
quote:
Who is the victim?
Government officials/politicians who weren’t cut in on the deal.
Posted on 9/22/23 at 6:17 pm to stout
quote:
The dude bought $22K worth of weeklys set to expire the next day.
I had a client who did this every day. They were a boutique firm and they paid $$$$$ in research but it’s certainly not uncommon
This post was edited on 9/22/23 at 6:22 pm
Posted on 9/22/23 at 6:17 pm to stout
They won’t be allowed to get away with it
Posted on 9/22/23 at 6:25 pm to stout
I am the dipshite that sold off a bunch of inherited MCD for CSCO when I graduated and thought I was the next Wizard of Omaha.
Posted on 9/22/23 at 6:26 pm to stout
quote:
The people on the losing side of the trade
Explain it to me. Who is the victim? Who is on the losing side of the trade? Who lost money?
Posted on 9/22/23 at 6:34 pm to deeprig9
quote:
Explain it to me. Who is the victim? Who is on the losing side of the trade? Who lost money?
The people who sold them the option...
Posted on 9/22/23 at 6:44 pm to deeprig9
How low is your IQ?
Posted on 9/22/23 at 6:51 pm to deeprig9
quote:
Explain it to me. Who is the victim? Who is on the losing side of the trade? Who lost money?
Call options give you the right to buy 100 shares of the stock at the strike price ($127 in this case) on the date the option. The buyer of a call has the right to buy the stock, and the seller (or writer) of the option has the obligation to deliver the stock at that price.
This guy bought 5,500 options, which gave him the right to buy 550,000 shares of SPLK at $127. The writer of the contracts who sold them had to deliver 550,000 shares at $127 even though the stock was at $144.30, so they had to sell for $9.5mm less that the stock was actually worth.
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