4 ms·
Honestly I could care less what a few rich guys do when the get tips over golf games, as ultimately doesn't really affect me. Couple of light fines for the amou
by exabrial 3y ago
Honestly I could care less what a few rich guys do when the get tips over golf games, as ultimately doesn't really affect me. Couple of light fines for the amount profited seems reasonable.
However, the people that need to be jailed are in congress and public policy makers using their positions to enrich themselves. Pelosi has an astounding ability to absolutely nail her really really deep options picks. https://www.reddit.com/r/unusual_whales/comments/l42l9w/nancy_pelosi_and_tsla/ https://www.reddit.com/r/unusual_whales/comments/l42l9w/nanc...
- colechristensen 3y agoInsider trading takes a lot out of the pockets of literally everybody else, there’s barely any punishment when you get caught, and you’re really quite unlikely to get caught at all. It is a problem you should care about.
- arcticbull 3y agoYep, it takes money out of the pocket of whoever's on the other end of that options trade.
- TuringNYC 3y agoIt also manipulates the stock underlyer, which the average person owns, either directly or via retirement plans.
- amadeuspagel 3y agoManipulates it to make it more accurate and predictable?
- colechristensen 3y agoNot more accurate and predictable to public information, which is what a public stock value is supposed to represent.
- TuringNYC 3y agoAs an extreme example, look what happened with Gamestop. As people piled on to purchase more and more out of the money calls, it forced an infinite gamma squeeze where market markers selling the call options were forced to purchase the stock underlyer to hedge, driving up the price. The effect isnt always that obvious, but it is there. It is also unfair to the person selling the option, if they are doing it with normal knowledge (not insider knowledge)