TIF Insider Trade

Tiffany Insider Trading or Just Luck?

Yesterday, the largest option trade of the day in TIF occured just before the market closed at 3:39 pm, a 65/60 put spread and was purchased for about $0.94.

484 contracts to be exact and look… The price at the moment is 59.89, if they sell now, that’s $150,000 profit or they could hold out for $196,000 if they think at expiration TIF will close under 60. I’d hold out.

Someone made a crafty, probably illegal trade.