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I think the bigger question is whether the attack will actually move the stock in the direction you want.
by frakkingcylons 5y ago
I think the bigger question is whether the attack will actually move the stock in the direction you want.
- dannyw 5y agoOk, buy the same number of puts and calls, so your exposure is to volatility (vega). This way, it can move in any direction and you'd benefit, and it's very unlikely a big scary hacking event (covered by the financial press) wouldn't increase volatility of a stock.
- pydry 5y agoBizarrely it doesnt seem to have: https://www.marketwatch.com/investing/stock/wdc https://www.marketwatch.com/investing/stock/wdc
- tedunangst 5y agoThe stock market just doesn't care about the same things HN thinks are ultra critical.
- throwaway09223 5y agoYup. I learned long ago that having an insider's perspective doesn't necessarily help me predict where the market will move. An expert's perspective can certainly be helpful, but if market prices are set by non-experts (or, experts in other fields) then it may just lead to consistently wrong answers per the tenets of keynesian economics.
- pydry 5y agoProbably partly because literally half the market is passive investors who dont react to any news.
- marcosdumay 5y agoLike the device a company sells actually working at all... I'm not disagreeing by the way. You are correct. And the stock traders probably made the correct guess about the company profits.
- charwalker 5y agoIIRC Doge is one of the top 3 best performing assets in 2021. Does HN like Doge? I helped use it to send Jamaica to the Olympics in 2014...
- frakkingcylons 5y agoI don’t doubt your options strategy, but this didn’t move the market for WD at all because it’s ultimately small time news compared to everything else happening.