A single strike, the 5/15 $106c's were being swept constantly. They're OTM and short dated. The stock wasn't budging as IV and contract price doubled. The earnings were already out so it wasn't like someone was gambling on earnings.
Then AH we get the GameStop/eBay acquisition headline and the stock pumps 15%. There is absolutely no way this isn't insider trading. Are they even allowed to leak headlines like this without any sort of filing?
Posted by samvarr
1 Comment
Insider trading turns out to be a really high bar to clear.
Presumably someone had material, non-public information but you gotta prove it was misappropriated or they had a duty not to trade on it. Someone could have seen the two CEOs walking arm in arm in the park and decided to place a bet on it.