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People have started rumors and profited from them using options in the past.... and been prosecuted for it. Don't know what percentage of people who try it are
by MCRed 11y ago
People have started rumors and profited from them using options in the past.... and been prosecuted for it.
Don't know what percentage of people who try it are successful and what percentage of those get away with it, I just know charges have been filed in the past.
Anyway there's more profit to be made from other people's delusions. (EG: I knew in 2001 there would be a housing bubble and made money between then and 2007 from the bubble. I called the end of the bubble a year early but close enough.)
I could tell you such a delusion right now but you wouldn't believe it... the best, most profitable delusions are widely held, until they aren't. In 2007 everyone thought house prices always rose. I can't tell you how many times I got downvoted on hacker news for claiming there was a housing bubble.