Source item
Open original source ↗Big time insider trading scam!
Quoted context
These are the quoted author’s words.
@unusual_whales Just so non-traders understand the bombshell here: Right before the S&P 500 (SPY) suddenly spiked, someone bought a huge number of call options — bets that the index would go up that same day. These were zero-day options, meaning they expire worthless by the end of the day unless SPY rises quickly. At the time, they were almost worthless. Then SPY shot up. Those dirt-cheap options exploded in value. A $100K bet turned into $21 million in minutes. That green spike before the jump is not luck. It’s foreknowledge. Someone knew exactly what was about to happen. Someone’s going to prison.
strxwmxn ↗