5 ms·
Matt Levine's money stuff offered the hypothesis that it could just be normal gambling. But, it's almost definitely insider trading, and either way, someone wil
by Sebguer 3y ago
Matt Levine's money stuff offered the hypothesis that it could just be normal gambling. But, it's almost definitely insider trading, and either way, someone will definitely be getting an SEC visit.
- posnet 3y agoThey also directly broke Levine's second rule of insider trading. 2. Don’t do it by buying short-dated out-of-the-money call options on merger targets [0] [0]: lawsofinsidertrading.com
- xmcqdpt2 3y agoYeah I would have thought they should have bought Datadog stock instead... but actually DDOG is down. I'd make a poor trader.
- technovangelist 3y agoCisco offered to buy ddog the night before the ipo. Thankfully ddog said no.
- spopejoy 3y agoWhich every time he invoked said law, he also backs off and says it's probably gambling or automated hedging, or in the original case, a failed "broken wing iron condor straddle" going the opposite direction