If you knew when the next major down move will be
- Thread starter El Guapo
- Start date
Strange! Why should I get flagged? Come on, a major down move mean others, many others are also betting down as well. So, if hundreds firms close positions or open to short, and the market moves down on that particular day, then we'll all get flagged. wft! I'd be following the herd, whats wrong with that? How is that a crime?
Quote from ElCubano:
exactly.
imagine taking an out of character trade in size the day before a major event on far otm index puts...don't let the cell door hit you on the way in
im not saying it doesn't get done, im just saying a high probabilty that you will be red flagged.
Are these others all betting everything they have and getting the EXACT DAY correct?
No one said it's NECESSARILY a crime, but you will get investigated. And if the investigation leads to some info that isn't kosher, you will be fucked.
No one said it's NECESSARILY a crime, but you will get investigated. And if the investigation leads to some info that isn't kosher, you will be fucked.
exactly....look at my initial post. I said you open yourself up to being investigated...that's all...
http://www.sec.gov/news/press/2007/2007-93.htm
this trade was flagged which eventually lead them to WANGSTER..
Quote from ElCubano:
exactly.
imagine taking an out of character trade in size the day before a major event on far otm index puts...don't let the cell door hit you on the way in
im not saying it doesn't get done, im just saying a high probabilty that you will be red flagged.
More chance of being flagged on individual issues where an influential MM would make a stink to try and break the trades. On OTM Index Puts unlikely the OP would have the size to be noticed. Guys who loaded up on $100K+ FOTM index puts before the '87 crash didn't get investigated.