Forget cattle futures, Hillary is trading biotech puts

Pekelo

Pekelo

https://www.reddit.com/r/wallstreet...wish_i_was_hillary_clintons_official_tweeter/

Today 3 hours before Hillary tweeted about Epipen, someone bought IBB 290 puts, expiring in 2 days. The stock was at 298. After the tweet and the subsequent drop to 286, the puts are worth 29 times more...

Who needs cattle futures when there is Twitter??? :)

Edit: I am not sure what timezone Twitter is, but the tweet was at 2:02 pm and the stock started to fall after 1 pm, Eastern...
 
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Slow and steady wins the race in options trading -- those mega winner plays are nothing to gawk about or be proud about.

I'm not sure there is such a thing as 'slow and steady' though with options :cool::p -- even shitty or mediocre options returns leaves equities in the dust.
 
I could never get a good feel for slow and steady option trading. Im assuming your refering to credit spreads and decay play types of trades.

The only slow and steady option trade I do is diagonal credit on spx puts. I typically trade options directionally, buying them, but only a couple trades a month...directionally. I made a mistake buying gdxj puts when gdxj was close to 52 recently. I wade about 80% there were only about 8 days left when I bought them...wish I bought the September ones.

Your timing has to be perfect with options. Very tuff skill to learn. You have to be very selective.
 
Palindrome said:
I could never get a good feel for slow and steady option trading. Im assuming your refering to credit spreads and decay play types of trades.

The only slow and steady option trade I do is diagonal credit on spx puts.

Your timing has to be perfect with options. Very tuff skill to learn. You have to be very selective.
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I don't do spreads, or any of those complex and longer plays;
I do a rather very basic strategy that's very discretionary o_O:sneaky:
 
If you're suggesting insider trading @Pekelo why wouldn't they have bought Mylan puts?

And, 100 lots in that strike it's not that unusual... Probably some Clinton bashing again...
 
JackRab said:
If you're suggesting insider trading @Pekelo why wouldn't they have bought Mylan puts?
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Mylan also went down the same time from 45.5 to 43.

1. But that is only 5%, so IBB was a better return for the money. 9+% move...
2. Not to be so obvious?
3. Also, not everybody has lots of money.

The post was made tongue in cheek, but it is entirely possible someone from her stuff did the trade knowing the tweet was coming. That would explain the small amount played... Of course it is possible if the time zone stamps are actually the same time (Eastern vs. Pacific) that this was a quick reaction to the tweet, although once IBB was falling the puts should have gone up.

I checked how often IBB moves this much and this year it did already 4-5 times, so an 8-9% daily move isn't that rare.
 
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Who knows, it could have been a low level staffer or the guy in charge of managing her twitter account. Regardless, the Clintons are corrupt from top to bottom, but most people don't care even though they claim to.
 
JackRab said:
If you're suggesting insider trading @Pekelo why wouldn't they have bought Mylan puts?

And, 100 lots in that strike it's not that unusual... Probably some Clinton bashing again...
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Jack, it probably was insider trading. It may not qualify as insider trading from a legal perspective as I don't know if politician's speeches are considered material non-public information.

Its harder to expose an IBB trade than a Mylan trade.
 
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