While I have no doubt that insider trading happens quite regularly, I would not jump to that conclusion here. IIRC the previous day, big Wall street names were advocating for a pause in tariffs . So a lot of people placed bets accordingly. Also staking 2.5M is "small change" for true insiders.
Everyone is jumping to conclusions. The majority of comments on this thread are assuming this is at least someone with inside knowledge, and several are saying Trump or his administration are directly involved.
But these rumors were said and talked about several days. But no big options trade was made before the actual day of announcement. That’s why it’s telling.
Yes, in theory, anyone can be an insider. But folks up in the chain are much more likely to be "insiders with information". I should have probably said "very rich insiders" instead of "true insiders."
Yes, sorry, I was only replying to the general point.
About the specifics we have here:
It's sad that the highest ranking officials are willing to corrupt themselves over a few million here or there. (And that's already pretty high by corruption standards. Usually you here of even much lower bribes etc being enough.)
To be pithy: I'm not angry that you can buy officials and politicians. I'm angry that the price is so low.
