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I seem to remember rumours of huge put options placed against airlines shortly before 9/11. The FBI should be looking at similar events for Sony. Greed is alwa
by junto 12y ago
I seem to remember rumours of huge put options placed against airlines shortly before 9/11.
The FBI should be looking at similar events for Sony. Greed is always something that you can count on.
- MichaelRender 12y agoHere are Sony's options on Nov 3, 2014 Open Interest for Puts is in Magenta Note that the $17 Strike for January has an Open Interest of 17.6K http://i.imgur.com/OmglyLl.png http://i.imgur.com/OmglyLl.png Here are Sony's Options on Nov 25, 2014, the day after the hack. Note the same $17 put has actually lost a little Open Interest. No conspiracy here. http://i.imgur.com/dCRcvX9.png http://i.imgur.com/dCRcvX9.png Caveats: This was done with the US traded instrument (SNE). I don't have access to the Japanese exchange. Open Interest is reported after the day it is generated and reflects the secondary market of the previous day.
- mikeyouse 12y agoThose rumors were all BS.. http://www.snopes.com/rumors/putcall.asp http://www.snopes.com/rumors/putcall.asp Tl;dr -- A US institutional investor bought 95% of the suspect puts at the same time they bought 115,000 shares in a very standard hedging strategy.