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Started By
Message
re: A trader turned $22,000 into approximately $10 million yesterday
Posted on 9/22/23 at 8:43 pm to The Scofflaw
Posted on 9/22/23 at 8:43 pm to The Scofflaw
quote:
market maker who sold the options
Was probably in on it too, or was told to offer the contracts. If it was a great company with buy out potential I don’t understand how you could expose yourself like this. For what a $22k win?
Maybe money laundering, maybe Russian Oligarch getting cash out by calling in a favor, whatever. This much of a % win smells like both sides were doing something “aggressive” ??
0
Posted on 9/22/23 at 8:54 pm to lostinbr
quote:
So if the trader had simply bought the stock (instead of buying calls) would you still be asking who the victim is?
I think that would make the area much grayer. Maybe not in the law's opinion, but in my opinion.
Posted on 9/22/23 at 8:55 pm to deeprig9
quote:
I think that would make the area much grayer. Maybe not in the law's opinion, but in my opinion.
You're really in over your head in this thread
Posted on 9/22/23 at 9:06 pm to stout
quote:
You're really in over your head in this thread
I'm here to learn from highly intelligent people like yourself.
Posted on 9/22/23 at 9:20 pm to deeprig9
quote:
I think that would make the area much grayer. Maybe not in the law's opinion, but in my opinion.
As I suspected. And that is why you are catching heat. Not because you lack an understanding of options - because you implied that you think insider trading is a victimless crime.
Posted on 9/22/23 at 9:30 pm to stout
quote:
Remember only Congress members are allowed to inside trade.
These no good cocksuckers. They really shouldn't be allowed to have money in the stock market. Of course, they would find ways around it, but just for the fact that they vote on laws that impact industries and knowing if they will have the votes or not for laws to pass before it actually does gives them information the public doesn't have.
And all of you political fricks on this board think some are better than others, etc. They are all shite bags.
A US senator makes $174k a year, it takes millions to run a campaign and they end up a lot richer than someone who makes $174k a year.
Posted on 9/22/23 at 9:38 pm to lostinbr
quote:
As I suspected. And that is why you are catching heat. Not because you lack an understanding of options - because you implied that you think insider trading is a victimless crime.
No, you are assigning much more knowledge to me than I actually possess.
Regular trading = I buy stock at $1. Tomorrow it is $2 so I sell. Whether I had insider knowledge that some big news was about to come out, maybe/maybe not, maybe got lucky. Based on the answers to questions I asked in this thread, it looks pretty damn shady, this particular set of transactions.
All the options stuff is over my head.
Posted on 9/22/23 at 9:52 pm to stout
That will be investigated no doubt, if not a congress member, they’ll have some serious problems
Posted on 9/22/23 at 9:58 pm to stout
Did they sell the contracts, or did they execute the purchase of the stock options themselves?
Posted on 9/22/23 at 10:07 pm to stout
Was it a member of Barizma?
Posted on 9/22/23 at 10:09 pm to BeepNode
quote:
Did they sell the contracts, or did they execute the purchase of the stock options themselves?
This is what I was wondering as well.
Posted on 9/22/23 at 11:29 pm to stout
Will be investigated
Posted on 9/23/23 at 12:19 am to deeprig9
quote:
I'm here to learn from highly intelligent people like yourself.
Fun fact that no one talks about, in the week before 9/11 an extraordinary amount of put options were purchased on United and American Airlines. Unusual options activity is a taddle tale sign of insider knowledge.
CBS News
Posted on 9/23/23 at 12:24 am to stout
Time traveler or inside information
Posted on 9/23/23 at 1:07 am to stout
He is gonna get stupidly investigated.
His profits will get put on hold by the SEC for a while and even then if they allow him to even have it
His profits will get put on hold by the SEC for a while and even then if they allow him to even have it
Posted on 9/23/23 at 1:30 am to deeprig9
All these discount Gordon Gekkos up in here showing off their knowledge by shitting on you
Posted on 9/23/23 at 5:55 am to stout
quote:
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.
It depends on how often bets like these are made and paid off.
I mean some traders really are dumb gamblers and if they work for a billion
dollar hedge fund they could be spreading these bets weekly.
Posted on 9/23/23 at 6:03 am to deeprig9
quote:
Thanks for the straight, non-dickhead answer to an honest question. I appreciate it.
“I don’t understand this, could someone explain it?”
Vs
“Yea but who’s the victim”
Amazing how your delivery received what it elicited in this one
This post was edited on 9/23/23 at 6:06 am
Posted on 9/23/23 at 7:22 am to Civildawg
quote:our govt doesn't print money. the fed reserve is a private bank.
Not what our government thinks
Posted on 9/23/23 at 7:30 am to slackster
quote:
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.
You still have to buy the stock, to see the returns, right? $550K shares is a ton of money.
I can buy the contract rights without actually purchasing the stock? So when I sell, I just sell the contract option?
I find this confusing.
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