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Insider trade on Splunk acquisition?

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417 points mkmk | 2 comments | 21 Sep 23 15:58 UTC | HN request time: 0.423s | source
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powera ◴[21 Sep 23 17:17 UTC] No.37600798[source]▶
If everyone looks at a trade like this as prima facie evidence of insider trading, why are these options even for sale?

It is like a casino, except if you win the jackpot you get arrested. Because we run our economy under the law that requires stock prices to be set by ignorant people.

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1. AlexandrB ◴[21 Sep 23 17:22 UTC] No.37600861[source]▶
I think the suspicious thing is that these were bought right before the announcement of the acquisition. If they had bough the options at any other time and made money it would not be notable.
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2. ◴[21 Sep 23 17:39 UTC] No.37601126[source]▶