That’s a mighty fine coincidence. - Nancy Pelosi bought up to $1.25 million worth of $200 strike call options on Palo Alto Networks (a cybersecurity company that UHC used) on the same day (Feb 21, 2024) that United Healthcare had a ransomware attack. Brian Thompson investigated for insider trading..
(twitter.com)
🚔 Crime & Democrats 💸
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Are you sure about this? I trade options and you generally only buy call options when there's GOOD expectations ahead. ie. you want the price to go up Conversely, if you had inside info that there was going to be bad news like a hack, then you'd opt to buy put options
Haven't read into it, but I think PAN came "to the rescue," and it just so happened that NP knew they'd be chosen for such a task beforehand.
Or, that's what I'm gathering?