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417 points mkmk | 1 comments | | HN request time: 0.425s | source
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xyzelement ◴[] No.37600439[source]
I don't know if this is genuinely suspicious or not. Is buying 20K of options an unusual thing? Or is this something that happens regularly with options expiring worthless or with a small gain - and it just happened to hit big this time?

IE "someone bought a lottery ticket and won" - interesting to know if they play the lottery every other day (and don't usually win?)

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vkou ◴[] No.37600948[source]
Buying 20k of options when there's a 99.99% chance of them being worth $0 is pretty unusual, unless you're actively regularly trading in the millions.
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xyzelement ◴[] No.37601235[source]
// unless you're actively regularly trading in the millions.

A lot of people/organizations bet in the millions.

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vkou ◴[] No.37601294[source]
Sure, and the SEC investigation will probably figure out if this is one of a thousand daily trades that got placed by the beneficiary, or if he opened a trading account last week, and this is the first time he's buying options.
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1. xyzelement ◴[] No.37601735[source]
That was the point of the post you originally replied to...