wall street corruption at its finest

what I really want to do is find a way to automatically spot these giant abberation call purchases when they happen so i can pile on.

any way in IB or any other services?

options monster should have picked up on this. did it?
 
I suppose one could buy hundreds of calls on insider info and claim to have bought them on the unusual call volume?
It must be very hard to prove most of these trades, so fines for the ones that are proven should be very very high, and made very very public.
 
imagine owning this before the news broke....

28,700%%%%





DJ May 2007 40.0000 call (OPR:DJEH.X) Delayed quote data Edit
Last Trade: 14.40
Trade Time: 3:49PM ET
Change: Up 14.35 (28700.00%)
Prev Close: 0.05
Open: 14.80
Bid: 15.50
Ask: 17.50

Day's Range: 10.00 - 20.00
Contract Range: 0.05 - 0.10
Volume: 97
Open Interest: 20
Strike: 40.00
Expire Date: 18-May-07:eek: :eek: :eek:
 
Deepfried - I wanted to clarify my earlier comments.

I know there are many hard working, diligent people looking out for the average investor's better interests on a daily basis, and pursuing fraud when they detect it.

I did not mean to impugn even a large minority of the people working at the SEC.

I sometimes, maybe it's fair to say often, wish they were more zealous, however.

It seems there's an awful lot they miss, and I'm sure there's a lot that lies beneath the surface that we don't even know about.

Regarding this leaked ISM survey this morning, that stuff is akin to stealing, as far as I'm concerned, and I hope the SEC treats the matter the same way.
 
Quote from scriabinop23:

what I really want to do is find a way to automatically spot these giant abberation call purchases when they happen so i can pile on.

any way in IB or any other services?

options monster should have picked up on this. did it?
More...

$475 a month. Pony up.

http://www.trade-alert.com/

He posts the mid-day order flow summary at http://www.theoptionsinsider.com . Its updated daily, and gives an interesting no bs no fluff rundown of whats going on.

Dow Jones and Co. (DJ)
DJ reopened up $20 to $56 today as the company confirmed receipt of an unsolicited offer. No options trading took place this morning because the stock was halted this morning. However, activity from last week suggests that a few traders were well positioned for the news. The stock hasn’t been above $45 in several years, and it closed last night at $36.33. Over the last six trading days, more than 6500 upside calls have changed hands, giving the owners a significant windfall today.

Last Wednesday (4/25) 3000 Sep 40 Calls traded for $.85 cents (currently worth over $15) and yesterday shortly before the close a buyer paid $.325 for 3000 September 45 Calls in a trade tied to stock on the Amex. Despite the initial delta neutrality of the trade, this morning’s gap-move equals a $2.5 million gain for the buyer.
More...
 
amazing how the game is played.........





Dow Jones and Co. (DJ)
DJ reopened up $20 to $56 today as the company confirmed receipt of an unsolicited offer. No options trading took place this morning because the stock was halted this morning. However, activity from last week suggests that a few traders were well positioned for the news. The stock hasn’t been above $45 in several years, and it closed last night at $36.33. Over the last six trading days, more than 6500 upside calls have changed hands, giving the owners a significant windfall today.
 
There are good people there but what they do should be made more open to deter those who opt to delve in illegal or unethical activities.
 
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