They'll investigate this. It's an easy target.

I think the SEC loves cut and dry cases like this. You see enforcement actions all the time about similar situations. Usually some VP of one of the two companies is behind it and they amateurishly try to cover their trails by getting their brother to do the trade, or using their mother-in-law's account, etc.

IMO though it could easily be just some WSB bro that gambled and got lucky. Robinhood and other platforms make it easy to trade short dated options these days and people love to gamble on them.

> What's the chance the sec will go after this?

100%

The SEC is 100% on the case right now. They catch people all the time doing much smaller version of this.