Weight Watchers insider trading

Discussion in 'Wall St. News' started by turkeyneck, Feb 18, 2011.

  1. A Weight Watchers International Inc. options investor earned a three-day paper profit of about $8.2 million after the stock surged the most ever today following the company’s higher-than-estimated forecast.

    A block of 4,273 February $45 calls was purchased for 95 cents each on Feb. 14, when the stock closed at $44.08. Calls give the right to buy 100 shares, meaning the contracts cost about $400,000. The Weight Watchers calls jumped 1,397 percent to $20.21 at 4 p.m. New York time today, driving their value up to $8.6 million.

  2. 1) It's called "trading on inside information", not insider trading. Those options may have been hedged elsewhere.
    2) Who wouldn't love to be on that type of profit-gaining diet? :cool:
  3. olias


    fat finger?
  4. Ham hands? :eek: