Eurex Brings a Knife to a Gunfight
Deutsche Boerse known as Eurex Brings a Knife to a Gunfight
Looks at possible trading on privileged information ie ISE Option Trades Ahead of Eurex Bid
....The primary purchases were the ISE May calls at the $50 and $55 strikes, which closed at 45 cents and 15 cents, respectively, on Friday, April 27. Those calls traded up to $17.60 and $12.80 on Monday, April 30....
No Rules in a Knife Fight
changewave.com
starts off:
...."Never bring a knife to a gunfight. Bring a gun. Preferably, bring at least two guns." -- Col. John Scott "Vapor" Walsh, USMC
Clearly, the act of bringing less-than-adequate weaponry to a military conflict can have disastrous consequences. Although there are a host of ways to introduce the concept of picking the wrong weapon for a particular fight, I love Col. Walsh's quote because he's a personal friend and because the concept behind it comes from one of the opening scenes from "Butch Cassidy and the Sundance Kid."...
ends with:
.....As with any situation in which we suspect some disreputable person(s) acted on privileged information, we refuse to believe the call buying on April 11, 16 and 17 is simply coincidental. My experience on Wall Street tells me there is no such thing as coincidence when it comes to situations like this.
With a total open interest of some 4,600 contracts at the May $50 and $55 call strikes, and an average profit of $15, I'd say there were $6.9 million reasons to think this was anything but coincidental!!... |
