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

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301–310 of 480 posts

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

#301

Earlier quoted context omitted.

[flagged]

I agree, at this point. There is of course voter agency in 2 years. Of course lots of voters (specifically the ones that voted for this) are pretty happy with the way things are going. So any kind of blowback is uncertain at best. If the population were genuinely interested in removing Trump, they could elect 60 democrats to the senate and a house majority, then impeach. But again, a healthy chunk are happy, and a lo…

> There is of course voter agency in 2 years.

Not necessarily. First for soft reasons: media and tech companies spreading disinformation. Second for hard reasons: elections can be postponed for .

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

#302

Earlier quoted context omitted.

I agree, at this point. There is of course voter agency in 2 years. Of course lots of voters (specifically the ones that voted for this) are pretty happy with the way things are going. So any kind of blowback is uncertain at best. If the population were genuinely interested in removing Trump, they could elect 60 democrats to the senate and a house majority, then impeach. But again, a healthy chunk are happy, and a lo…

> There is of course voter agency in 2 years. Not necessarily. First for soft reasons: media and tech companies spreading disinformation. Second for hard reasons: elections can be postponed for .

Third: People continuing to spread FUD that discourages people from taking action or even caring.

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

#303
post #8

> We don’t know who placed the trades. We don’t know what they knew. Actually, “we”, collectively, do know, because the SEC maintains an “XKEYSCORE for equities” called CAT. If there was interest, the government could know exactly who placed these trades. But the call (options) are coming from inside the house.

What would determine whether the SEC will investigate for insider trading? I would expect them to be shielded from executive pressure.

Why would you expect that?

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

#305

Earlier quoted context omitted.

Not sure that's true. America's military keeps peace for trade to happen in a lot of the world... Not always successfully but it's there. That works because they have the reserve currency and can therefore print money for free. Which benefits the US greatly in all sorts of ways. But everyone else also sees some good. If that goes away its going to have impacts on everyone else as well as America. Maybe not as much of…

I really don't think we do. France and Britain alone used to be able to defend trade routes. I don't think it's a huge expense. It really is good for essentially everyone aside from the US itself, once the disruption is over. Obviously we'll have some kind of crash though, but I think that was inevitable with or without this.

I don't think that's completely true. Wasn't the US Navy founded (by a Scotsman of course) because the US at the time lacked the funds to pay off the pirates? European countries did pay them off, hence didn't need as large navies.

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

#307
> And it wasn’t just options. At exactly 1:01 pm EST, trading volume in SPY shares themselves spiked. Nearly 2.75 million shares were bought in that single minute.

This is standard practice, it was simply the marketmaker hedging its position after just having sold those $2.5 million call options.

The math checks out; at 85 cent per piece, those were 2.94 million call options. At 9 above the spot the delta was less than one so I guess you'd need to buy slightly above 2 million shares to hedge your delta. The normal SPY trades would have made up for the remainder of the 2.75 million volume.

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

#308

Earlier quoted context omitted.

Personally, I would argue that the corruption afterburner kicked in with Citizens United v. FEC. This was like giving a crack addict a feedback loop which gives them more crack. Of course it was going to end badly. We could discuss many possible points of inflection, but I don't want to dilute the undeniable power of the phrase "trust is efficient." However we got here, whatever one's politics, you cannot argue again…

Yet Kamala and her supporting PACs had two or three times the funding that Trump had.

You mean a single day fundraiser beat Trump’s single day fundraising by 2-3x, that would be correct. If you think her 90 day campaign fundraising managed to beat Trump’s 8 year fundraising campaign that would be wildly incorrect.

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

#309

Earlier quoted context omitted.

Bold to assume there are going to be elections. All it needs is some kind of emergency, genuine, imaginary or self-inflicted, and ‘Oh no, we can’t possibly hold elections until our time of national crisis is over.’

Probably much easier to rig the elections, just like dozens of "we're democratic!" dictators have done. Erdogan, Putin, Mugabe, Suharto...

You mean like requiring ppl to have a proof of citizenship disenfranchising 21 million

https://apnews.com/article/congress-save-act-citizenship-vot...

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

#310
post #153

Earlier quoted context omitted.

Bold to assume there are going to be elections. All it needs is some kind of emergency, genuine, imaginary or self-inflicted, and ‘Oh no, we can’t possibly hold elections until our time of national crisis is over.’

You mean like Ukraine?

It is unconstitutional to hold elections during wartime in Ukraine.
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