On April 9, 2025, someone risked $2.5 million on SPY call options—and walked away with $70+ million in under an hour. The trade was placed at 1:01 pm. At 1:30 pm, Trump announced tariff pauses. The market exploded upward. These options that cost 85 cents were suddenly worth more than $25.
  • middlemanSI@lemmy.worldEnglish
    1·
    23 days ago

    It would sure be swell if this wasn’t possible. This minorty is doing far and away most damage in the world, on all fronts. Get rid of the 1% and prosper!

  • ZeroGravitas@lemm.eeEnglish
    1·
    23 days ago

    Nobody “made” money here . Ask yourself: who was on the other side of the bet? Pension funds? Retail investors? Insurance companies?

    This was a brazen act of highway robbery. There’s a reason SEC is supposed to pursue insider trading. Once the trust in the system is lost, the whole thing folds like a wet deck of cards. Supposed to, but they won’t do a damn thing about this.

    You can’t park this at the door of a single individual. This is systemic grift. Fuck the party of law and order.

  • psvrh@lemmy.caEnglish
    1·
    23 days ago

    Wow, they’re really adding value and innovation and creating jobs…

  • Formfiller@lemmy.worldEnglish
    1·
    23 days ago

    More crimes from a criminal. He’s bankrupting the biggest casino in the world. Americans got scammed when they gave up their pensions and were forced into allowing Wall Street to gamble with our future. Privatization of more government services is just another Wall Street scam in the ponzi scheme that has become America.