Posted on 07/18/2024 12:37:59 PM PDT by DFG
Conclusion
Trump’s death would have crashed the Nasdaq and Dow Jones for a week. According to our estimates, anyone who had this knowledge beforehand would have made an estimated $696 billion to $1 Trillion in profits.
Everyone involved must be held accountable in a court of law. I know what the punishment SHOULD be but we all know most or all of them will get away with this.
You’re welcome. This stuff is confusing. See post 8, that might help.
Does anyone believe that? If so, raise your hand?
Yes, you in the back with your hand raised?
[Smack! Smack!] Are you an idiot?!!!
Are they going to be allowed to unwind their “mistake”?
Or will they be forced to pay for their failure to hit the bull-eyes on this trade like the rest of us do?
No one... this does not happen this way...
They purchased put options. Their maximal loss is the cost of 120,000 put options [100 shares per put]. If they bought deep out of the money puts their losses are negligible. The question here is why did they purchase so many puts the day before the assassination attempt.
They purchased put options. Their loss is limited to the cost of the option.
Market people would know better than I.
There are two issues: 1. the SEC filing and 2. The underlying trade reported in the SEC filing.
Thanks for clearing that up. That makes sense. I didn’t see the 120,000. Everything I read was 12 million.
Of course, it’s on the graph!
Were they betting for or against Trump being elected?
So what? Absolutely and totally meaningless. Someone, somewhere buys and sells puts every single day of the week.
They were betting on death on Saturday. Evil.
Actually, I didn’t see that. I did some amateur options trading many years ago. Made a couple of great trades and made up for that with a lot of losing trades so more or less broke even, but learned how options work. Could only buy puts and calls which only risks the money you paid to purchase the option. Could not sell “naked” puts and calls which can lose you horrendous amounts of money if you bet wrong [this is what Talib’s the Black Swan is really about], but on average makes a reasonable return.
So I did at least know that a put covered 100 shares.
Good!
Ordinary people like us have to pay money to get a put. Did Austin pay money? That would tell us whether it was a filing error or not.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.