On April 9, 2025, someone risked about $2.5 million—and walked away with more than $70 million in under an hour. The trade was simple, but bold: buy a specific kind of option tied to SPY, the exchange-traded fund (ETF) that tracks the S&P 500, the most widely
  • ZeroGravitas@lemm.eeEnglish
    2·
    11 days ago

    Nobody “made” money here . Ask yourself: who was on the other side of the bet? Pension funds? Retail investors? Insurance companies?

    This was a brazen act of highway robbery. There’s a reason SEC is supposed to pursue insider trading. Once the trust in the system is lost, the whole thing folds like a wet deck of cards. Supposed to, but they won’t do a damn thing about this.

    You can’t park this at the door of a single individual. This is systemic grift. Fuck the party of law and order.