[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 637 KB, 1182x1199, cb.jpg [View same] [iqdb] [saucenao] [google]
55246952 No.55246952 [Reply] [Original]

Someone made a classic insider trade yesterday. They opened new $COIN $50 weekly puts for $107,000. These puts were 19% out of the money (OTM) and expired in four days! Extremely low probability trade!

Today, the Securities and Exchange Commission (SEC) sued Coinbase, $COIN.

The puts that were opened yesterday are now up big, by nearly 2572%. This means that the person who opened the puts has turned $100,000 into millions.

It is clear that someone knew that the SEC was going to sue Coinbase. It is possible that the criminal worked at the SEC.

This is a reminder that insider trading is a serious crime. If you are caught insider trading, you could face significant fines and jail time.

THIS IS WHAT SEC SHOULD BE INVESTIGATING!!!

>> No.55246971

>>55246952
Why would the SEC investigate themselves?

>> No.55246987

>>55246952
Inside trading in crypto is lawless newfag

>> No.55246990

And youre not gonna do shit about it besides crying so might aswell not post at all. Sage and kill yourself

>> No.55247023

>>55246987
Which is why the SEC does it.
Why would the goblin not walk into a camera and be clear about it? Because if he does the manipulation shenanigans are over.

>> No.55247033

>>55246952
The SEC sued Binance the day before Coinbase. It was a smart bet that they'd go after others. They had sent Coinbase a Wells Notice so it was just a matter of time. Not insider trading, just a smart bet.

>> No.55247100

>>55246952
Yes, but tradfi and blockchain tech are 2 different things.

Just for anyone reading this who was thinking about posting the same thing

>> No.55247163

>>55246952
Why doesn't he put a $100 million put instead ?
$100k looks like a chump change for insider.