16 ms·
took out puts on intel twice on bad news about their processors. Made a ton of money, though the second one was an accident. The bad news went unnoticed but i
by dnautics 6y ago
took out puts on intel twice on bad news about their processors. Made a ton of money, though the second one was an accident. The bad news went unnoticed but i was still sitting on the position a week later when it was announced the CEO was fired for diddling his underling; and then the stock tanked 30%.
The market can become irrational in time to put $ into dnautics' pocket (this sort of thing has happened to me more than a few times now).