Dude turns 100k into $1.1 million on single insider trade

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.

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. 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.