On April 9, 2025, someone risked about $2.5 million—and walked away with more than $70 million in under an hour.
The trade was simple, but bold: buy a specific kind of option tied to SPY, the exchange-traded fund (ETF) that tracks the S&P 500, the most widely
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.
Scott Galloway talked on his podcast this week about unusual trade activity around Apple stock, just an absurd amount of trades that he noticed within a ten-minute window last week, and you can’t tell me Trump and his golf buddies didn’t send out a message on a Signal group chat that now was the time to buy and sell.