Ok... what can you experts here say about this post.... Does the conclusion that there was prior knowledge of the assassination attempt make sense if you look at the huge order? There is a followup post with a screenshot from Bloomberg terminal
Doesn't that mean they got fucked in the ass? They sold the right to sell at a price, that devastated their asshole, in that the Dow then shot up 1000 points?
Too obvious. SEC will be investigating if other parameters line up. There’s another twitter post that says it was a hedging position.
Only SEC??? Neverthless, this accusation doesn't make much sense. It's just "too obvious". Nobody can be THAT stupid.
As S&P500, NQ indeed made a pullbuck, after a monthly bullrun, they maybe a) just speculated with these puts for profit, or b) indeed its just a hedging position for all their investments, which makes sense. To claim that there would had been any prior knowledge, you have to prove and find evidence, that comes/goes from the shooter. I haven't seen any evidence by now other than that: That was (most likely) a very lonely wolf. Or, they find some social media accounts from him; then we're talking ... But until then, "innocent" until proven guilty.
insider trading is the SEC's purvue. If they tried to kill trump to earn a profit, that obviously would be the purvue of another department (probably the FBI)
The disclosure comes from a 13-F which was filed on July 12, but it is a quarterly report displaying the positions as of 6/30/2024, which means they could have made the trade any time from 4/1/2024 to 6/30/2024, since this position did not show up in their Q1 13-F filing. https://www.sec.gov/Archives/edgar/data/1800328/000108514624002880/0001085146-24-002880-index.htm In other words, fake news.
So there is now an update. The company said they made a clerical error, and that it was only 12 contracts, not 120k.
The original stated size was huge both in terms of the float and in terms of typical bets made by the firm. The revised figure makes more sense.