- 5,847
- 9,193
- Joined
- May 20, 2006
Jesus, where's the SEC? Part of me hopes this was just some trader who got lucky.
http://www.zerohedge.com/news/2015-12-07/how-one-lucky-options-trader-made-60000-return-over-weekend
With Keurig Green Mountain trading around $51 late on Friday, one "hopeful" options trader decided it was an opportune time to buy 99 $60 call options (controlling 9,900 shares or around $594,000 worth at the strike) which unless something miraculous happened would expire entirely worthless within a week. Well... a miracle happened over the weekend, CMGR was bought at a 78% premium and that "lucky" options trader cashed in his lottery ticket with a 60,000% return.
http://www.zerohedge.com/news/2015-12-07/how-one-lucky-options-trader-made-60000-return-over-weekend
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