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There's no better strategy than having some insider knowledge. Yesterday there was a very large number of long puts bought in WMT - all done in the last half an hour of market close : I receive a market summary report from another service, and I just read this in their blurb : And the pre-open WMT price has fallen by about 10% to 119. The long puts were bought at around the 0.75 price mark, and they'll now be worth around 11, which is about 15 times their original purchase price. That's a paper profit of over $10million overnight. Not a bad nights work.

Maybe it was Pelosi's husband again 🙂

Who's to say there is not a "Good old boy" quid pro quo going with the SEC. If recent events have taught me anything, it is that the US government and all the alphabet soup agencies (FBI, CIA, DEA, VA, etc. etc.) are more corrupt than I had imagined.

What the? I thought earnings were last night. That is a bit odd. I don't really care enough about the issue to research it, but it looked to me like there were 13k+ $130 puts traded. If you assume they all traded at $0.71 (which is what the one sweep of 3k+ contracts was at), thats about $1MM. I just generally think that all the claims of some sort of insider trading are bs and for some reason felt the need to respond. I'll climb back in my hole now

I wish I knew something. Clearly I know less than I thought, this has been a rough trading year, after commissions I'm up maybe 4%, barely beating THE DREADED INFLATION, but at least the press has multiple crises to jabber about. It is difficult to not raise the bar when you do something really well, last year was a killer trading year for me and even though I try to slap the little devil on my shoulder into silence, he is still there whispering in my ear that I too am mortal.

Same here in Germany "one crow doesn't pick at another's crow's eye"...Skeletons allover the place

LoL, in Texas it is called the "Good old boy network". And it is pretty impossible to catch it out because everyone has skeletons and everyone else know where they are buried.