by bowlis
Just wanted to make you guys aware of the shit that goes on daily and the SEC does nothing about.
Yesterday, minutes before the closing bell, a player purchased 1,000 call contracts at the $305 strike for July 2nd expiration and a total premium of about 100k on LULU. Shortly after the close LULU announced they are acquiring fitness startup MIRROR. LULU was up 3% after-hours.
https://old.reddit.com/r/options/comments/hi841c/unusual_options_activity_today_in_w_wayfair_and/
How does this make you feel? The rich get richer!
EDIT: Lets not forget senator Kelly Loeffler sold $18 million worth of stock after a private hearing for senators that the Coronavirus had become a pandemic, the SEC cleared her of any wrong doing. https://www.politico.com/news/2020/06/16/senate-ethics-committee-drops-probe-loeffler-stock-trades-323795
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.