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Posted on 7/17/24 at 9:12 pm to Geronimo
This seems like BS. They are claiming someone bought 120K in the money puts on DJT? Which month? I don't see any evidence of open interest that big anywhere.
Posted on 7/17/24 at 9:13 pm to LSURussian
quote:
You don't know how buying put options work, do you?
So they were betting on DJT to go down? LOL, Truth Social is nothing without Trump. If he had been killed the stock would tank? I think I understand now. They would have made a shite ton of money had Trump been killed. They probably didn’t lose that much relatively speaking, but stood to make a ton. This story reminds me of the 9/11 airline stocks story.
This post was edited on 7/17/24 at 9:31 pm
Posted on 7/17/24 at 9:23 pm to theRealJesseD
quote:They didn’t sell short. They bought puts.
They covered Monday premarket
A put option buyer doesn’t “cover.” They exercise their options if it’s to their advantage.
Otherwise they just let the options expire and they lose whatever they paid to buy the options.
Posted on 7/17/24 at 9:28 pm to LSURussian
In your opinion, if Trump was assassinated do you think they would have made a lot of money?
Posted on 7/17/24 at 9:39 pm to Geronimo
Break out the water boards!
Posted on 7/17/24 at 9:40 pm to deltaland
quote:
deltaland
I believe we intentionally provoked Japan through some type of sanctions on their ability to purchase petroleum
I'm sure I'm leaving some important points out
Posted on 7/17/24 at 9:42 pm to Geronimo
The bigger picture is that someone stood to make money from $DJT tanking, but in reporting it, they need to make sure they're reporting it correctly. Buying puts isn't the same as taking a short position.
Reporting this incorrectly can take credence away from the actual story, so while it can seem nit-picky, it's important to get it right so that the people who will deny it don't have unnecessary ammunition to do so.
Reporting this incorrectly can take credence away from the actual story, so while it can seem nit-picky, it's important to get it right so that the people who will deny it don't have unnecessary ammunition to do so.
Posted on 7/17/24 at 9:42 pm to Sofaking2
quote:Probably but there’s no way to know for sure.
In your opinion, if Trump was assassinated do you think they would have made a lot of money?
People may have bought the stock out of sympathy for the Trump family or out of a feeling of loyalty to President Trump. In which case the price could have gone up.
In any case the amount of maximum loss for the put buyer was already determined…whatever the buyer paid for the options. Which is the point I’ve been trying to make to those posters in this thread who keep saying the buyer “lost his arse” because the price of DJT has gone up since Friday. The “loss” is already a fixed amount.
Posted on 7/17/24 at 9:47 pm to thejudge
quote:
Following the money is often not wrong.
Watch what they do and not what they say.
Anybody see what I said earlier about a smoking gun?
This isn't quite it, but if this is actually true, we may end up getting to a smoking gun soon. Ever since the assassination attempt, everything has been coming up in Trump's favor. Either he sold hos soul for considerations to be named later, or "In God We Trust" is back in business.
Posted on 7/17/24 at 9:48 pm to Geronimo
Squeezed the frick out of em Hahahahaha
Posted on 7/17/24 at 9:55 pm to LSURussian
quote:
Which is the point I’ve been trying to make to those posters in this thread who keep saying the buyer “lost his arse” because the price of DJT has gone up since Friday. The “loss” is already a fixed amount.
But it’s also fixed at 100%, correct?
This doesn’t really make it better, it’s just a different scale. And still, the point is that is a gamble, unless you know the future.
Posted on 7/17/24 at 10:14 pm to Geronimo
And guess who has one of the largest holdings with Austin Private Wealth....
BlackRock
BlackRock
Loading Twitter/X Embed...
If tweet fails to load, click here. Posted on 7/17/24 at 10:15 pm to OceanMan
quote:
This doesn’t really make it better, it’s just a different scale. And still, the point is that is a gamble, unless you know the future.
The point to me is that the reporting needs to be accurate for this to be taken seriously by everyone. Shorting and buying puts are two different things. Shorting can lead to unlimited losses while buying puts caps the lost at the premium paid. A critic could easily come in and argue this point which immediately takes away the credibility of the argument trying to be made.
Posted on 7/17/24 at 10:16 pm to Geronimo
One day we might have a stroke when we learn of the evil going on behind the scenes. It might be unfathomable.
Posted on 7/17/24 at 10:17 pm to anc
quote:
starting to look like a uniparty
Starting to? Been one for the last 20+ years.
Posted on 7/17/24 at 10:20 pm to OceanMan
quote:Actually it could be the opposite of a gamble. It could be insurance against a big loss by someone who owns millions of shares of DJT. (Perhaps even by whoever manages the Trump family’s holdings of DJT.)
And still, the point is that is a gamble, unless you know the future.
They bought the put options to establish a price floor for their shares just in case the price of DJT crashed.
quote:100% of what?
But it’s also fixed at 100%, correct?
Posted on 7/17/24 at 10:21 pm to TerryDawg03
quote:
Shorting can lead to unlimited losses while buying puts caps the lost at the premium paid. A critic could easily come in and argue this point which immediately takes away the credibility of the argument trying to be made.
I agree but that’s not the point.
The point is the timing is very suspicious to buy that large of a position in puts…6% of your assets in management….on the Friday before the assassination attempt.
That said, I can’t believe anyone would be stupid enough to do that if your actually involved with taking down Trump. It’s not exactly something you can hide and there’s a clear paper trail.
Posted on 7/17/24 at 10:23 pm to Geronimo
This thread deserves a sticky.
Posted on 7/17/24 at 10:41 pm to LSURussian
I know you follow the markets closely, I follow the options markets closely. This trade would've been flagged and I don't think I would've missed that. Even if those puts were traded they could've been sold, which is a bulllish trade. Impossible to know now, but I don't see any OI with 120k contracts. If the trade did happen it's been closed, unless I am missing something. Something of that size in the options market on that stock has not happened that I can recall since the stock IPO'd. If the puts cost $2 that's a $24 million option bet. I guess they could've been way out of the money and cost $.10c. Idk,things aren't adding up.
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