July 12
Date
According to the available information, Austin Private Wealth LLC, a financial services company, shorted 12 million shares of Donald Trump’s stock (DJT) via a put option on July 12, 2024, the day before the attempted assassination.
Here are key points about the entity and its action:
Company: Austin Private Wealth LLC
Industry: Financial services
Action: Shorted 12 million shares of Donald Trump’s stock
(DJT) via a put option
Date: July 12, 2024
Portfolio Impact:
Nearly a quarter of their entire portfolio, with approximately $1 billion in assets under management
LOOKY,LOOKY,LOOKY!!
Potential Impact: Significant loss for the company Notably, Austin Private Wealth LLC
has connections to the Bush family through James A. Baker III,
a former Secretary of State and close Bush family associate, who serves as a Senior Policy Director at the company.
The shorting of Trump’s stock by Austin Private Wealth LLC has raised questions about the company’s motives and potential involvement in the events surrounding the attempted assassination. The sheer scale of the short position, representing 6% of total shares and over 16% of the float, given Trump’s ownership of 60% of the company, suggests a significant bet by the company.
It is essential to emphasize that the information provided does not imply any direct involvement of Austin Private Wealth LLC in the assassination attempt or any wrongdoing. The company’s actions may have been driven by market analysis and financial considerations, rather than any malicious intent. However, the unusual timing and magnitude of the short position warrant further investigation and scrutiny.
HERES MORE:
https://www.reddit.com/r/JoeRogan/comments/1e643yd/austin_private_wealth_llc_shorted_12000000_shares/
Re Investment firms:
Great dig!
If they took that out as a Put option they were at far less of loss risk, the entity selling the Put would be on the hook for producing the shares to honor the Put at execution. Austin Private Wealth (APW hereafter) is only out the purchase price of the Puts, and given the general low probability of the Stock falling into the execution range they were probably pretty freakin’ cheap.
Where this gets squirrely is the effect on the party putting up the other side of the put. If the horrible case happened and the companies tanked, they would have been forced to go to market to provide the shares for delivery OR produced the shares if they held them. As the fallout of the attempt stands, I’d be all over protesting delivery from standpoint of obvious insider knowledge.
If APW had actually short sold the shares they probably would have been destroyed. In the “Short” you borrow the shares and sell them right then, hoping to be able to buy them back at the subsequently lower price. Very dangerous because the potential gain is finite (stock goes to 0) but the loss potantial is infinite.
The put options were probably in the neighborhood of 1-5% of share price, variability being the expiration time and a slight uptick in a certain number of traders that will always throw a few dollars at something like this just stacking chips on the low probability side of black swan events. AWP is probably out no more than $25M on this, but you can bet your butt that the negative publicity and the scrutiny of the trade down the road is going to cost a couple times that at least, and if there is the stink of direct collusion in there, a noose???