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Comment by frakkingcylons | Hacker News Reader

I think the bigger question is whether the attack will actually move the stock in the direction you want.

Ok, buy the same number of puts and calls, so your exposure is to volatility (vega). This way, it can move in any direction and you'd benefit, and it's very unlikely a big scary hacking event (covered by the financial press) wouldn't increase volatility of a stock.

Bizarrely it doesnt seem to have:

https://www.marketwatch.com/investing/stock/wdc

The stock market just doesn't care about the same things HN thinks are ultra critical.

Yup. I learned long ago that having an insider's perspective doesn't necessarily help me predict where the market will move.

An expert's perspective can certainly be helpful, but if market prices are set by non-experts (or, experts in other fields) then it may just lead to consistently wrong answers per the tenets of keynesian economics.

Probably partly because literally half the market is passive investors who dont react to any news.

Like the device a company sells actually working at all...

I'm not disagreeing by the way. You are correct. And the stock traders probably made the correct guess about the company profits.

IIRC Doge is one of the top 3 best performing assets in 2021.

Does HN like Doge? I helped use it to send Jamaica to the Olympics in 2014...

I don’t doubt your options strategy, but this didn’t move the market for WD at all because it’s ultimately small time news compared to everything else happening.

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