Well done Grant.
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.
This is a quote from ZH on the hearings taking place on congressional insider trading. Funny.
Only in a banana republic would Congress be “forced” to hold hearings on whether to ban itself from illegal (for everyone else) insider trading.