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$70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

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Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#201

Post by TheAlchemist »

eru wrote: post #44
svg7 wrote: post #19

While I have no doubt that insider trading happens quite regularly, I would not jump to that conclusion here. IIRC the previous day, big Wall street names were advocating for a pause in tariffs . So a lot of people placed bets accordingly. Also staking 2.5M is "small change" for true insiders.

> Also staking 2.5M is "small change" for true insiders. Why? A secretary or janitor or a intern could also be an insider. Or are they No True Scotsmen?

2.5M on 0 day options is not small change at all, even for somewhat big players.

0 day - means it's a win big or loose 2.5M on a single day move.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#202

Post by FranzFerdiNaN »

eastbound wrote: post #164
rapnie wrote: post #83

Earlier quoted context omitted.

Not just sad to watch . Would a country with a low-trust business environment be allowed to have such a huge mountain of government debt, and continue to have its currency be the world's reserve currency? A lot of sadness hinges on those considerations.

I know I’ll be downvoted but, since we’re going straight for scorched land, I prefer to voice it. I think most voters think like me “I still prefer Trump to a leftist government”: - Was there any need to be so extreme in terms of wokeness on the left? I am directly threatened by their program. Was there really any need to go for such a degree of revolution, ensuring everyone sensical would vote Trump? Could the left…

Do you also post on the /r/conservative subreddit? Because you should if you do not, you will find many likeminded people who are completely down the rabbit hole.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#203

Post by DavidPiper »

nabla9 wrote: post #192
yard2010 wrote: post #180

Earlier quoted context omitted.

[flagged]

The reality is more nuanced. Take China for example. People do criticize the government online all the time. It's just that criticism magically disappears before it reaches critical mass. Generally China does not throw people (Han Chinese, minorities are different) into gulag for posting against the government. They are just constantly censoring and shaping the discussion. Only after they can't contain something they…

Genuinely curious: what do you see as the distinction between an illiberal democracy and a fascist dictatorship?

And if there is a significant difference, what stops one becoming the other?

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#205

Post by rvz »

miohtama wrote: post #36

Inside trading on political information is legal in the US. Nancy Pelosi (Democrat) made this famous in last decade, hitting news headlines with it: https://finance.yahoo.com/news/nancy-pelosi-outperformed-nea... https://nypost.com/2024/09/27/us-news/trump-calls-for-nancy-... Inside trading rules concern only leaking corporate-private insider information.

The replies to your comment are hilarious.

Here we have people defending politicians from benefiting from insider information and attempting to split hairs in what is the difference between Pelosi and Trump.

There isn't any.

There is no difference in them knowing something ahead of you and they may have already traded that ahead of the event. (and you copying it very late when the move has already happened).

They benefit, you do not.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#206

Post by formerly_proven »

Almondsetat wrote: post #185
mullingitover wrote: post #26

Earlier quoted context omitted.

No economic system is functional without a bunch of compromises, and capitalism needs strong regulations as a check to keep it from turning absolutely rotten. We're witnessing the removal of all of the guardrails, traffic signals, road maintenance crews. The highway patrols have been replaced by organized teams of highwaymen. It'll get a lot worse before it gets better.

Capitalism actually thrives where there is only 1 regulation: total transparency. After all, if we go by the classic definition of free market competition we have customers who have perfect knowledge of every product and the products are very similar and etc. etc. Who cares if someone at the WH does insider trading? In a transparent system people would be able to trace back every transaction and realize something is…

This is poor bait, even for 2025 HN standards.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#207

Post by ascorbic »

eru wrote: post #44
svg7 wrote: post #19

While I have no doubt that insider trading happens quite regularly, I would not jump to that conclusion here. IIRC the previous day, big Wall street names were advocating for a pause in tariffs . So a lot of people placed bets accordingly. Also staking 2.5M is "small change" for true insiders.

> Also staking 2.5M is "small change" for true insiders. Why? A secretary or janitor or a intern could also be an insider. Or are they No True Scotsmen?

That was just one of many trades. The follow-up has deatils of many more https://data-and-politics.ghost.io/this-is-what-insider-trad...

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#208

Post by DoctorOW »

yard2010 wrote: post #180
m2f2 wrote: post #142

As a foreigner I cannot comment on this, else I will be rejected at the airport by the ICE. That's called freedom my friends.

[flagged]

I mean critics of the Trump administration are still thrown in a max security prison and subjected to forced labor. I get that there isn't a sign on the front calling it a gulag but that distinction isn't particularly important to the people being brutally punished for using their first amendment rights.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#209

Post by TheAlchemist »

What's missing as information here, is how often this kind of big bets happen. It's only showing some anecdotical data on 2 days from 2008 and 2009.

I believe he's right, but would just like some more proof that it's really extraordinarily rare to place such a big bets, especially on 0DTEs (which I believe did not exist in 2008).

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#210

Post by notahacker »

Almondsetat wrote: post #196
wesselbindt wrote: post #189

Earlier quoted context omitted.

> could act accordingly Concretely, what are you thinking of here?

Simply copy their positions. But if everyone's position were available, insider trading wouldn't even exist because it would give the game away

By the time you copy their positions, they've made their money.

In theory of course, them being blatantly and obviously corrupt would hurt them at the ballot box. In practice, this is not really something at moves the needle in American politics.

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