Who made millions trading the October 7th attacks?
economist.com
economist.com
It’s misleading to compare an average with an extreme, especially since October 2nd is the first Monday of the month and the fourth quarter (probably books being balanced). It would be better to compare with the maximum in the whole of September or July.
and what if these particular traders had a habit of big bets and got lucky this time
a bit like "these guys predicted the crash" and no-one looks at their other predictions
https://www.ft.com/content/cee5e4fd-2353-4958-a5f8-c4a802024...
The higher the payout, the more likely that government will come knock on your door.
For example, ‘bought/sold x units of y instrument at timestamp’. You might also get the exchange it was traded on, and possibly other information depending on who you buy market data from.
What are are some of the X/Twitter handles doing that you're talking about?
fraudulent insider trading requires the trader to have a contract from the company about not disclosing, a terrorist attack doesn't involve that, there are plenty of times when you can trade on non public information. its meant other things before the courts have just narrowed it over and over again
Hamas and other militant groups have previously used days of historical and religious significance to launch a wave of attacks (usually rockets), so there's a strong chance that some random trader just made an educated guess that an incident would happen on that day and hit the jackpot when the scope of the attack ended up being larger than usual.
"The authors’ most striking finding is a surge in short sales—bets that a security’s price will fall—of an exchange-traded fund (etf) listed on the New York Stock Exchange under the ticker eis, which tracks an index of Israeli shares. In September an average of 1,581 shares a day of EIS were sold short, representing 17% of the daily total trading volume. On October 2nd, five days before the attacks, a whopping 227,820 shares were shorted, representing 99% of total volume. Rather than reflecting a souring of market sentiment, the increase in activity seems to have come from just two trades."
its interesting how nobody not even a bot was interested in copy-trading that, most likely due to the incredibly low volume, kept everyone else far far away from that ticker
only 15,000 shares traded today. paltry.
curious if they, were they able to cover that short
Volume for EIS on 10/9 (first market day after the attack) was ~341k shares, it’s possible they were on the buy side of 2/3rds of those trades, I’m guessing there was not a lack of sellers on 10/9.
Is this a common bot strategy? I’ve never heard of this (not that I would—I only casually follow finance).
- Check Goldman Sachs recommendations and do the opposite.
- Hear Jim Cramer recommendations and do the opposite.
These two never failed to make money.
Source: best friend trades for a living
far easier than any high frequency trading
Or: https://www.yahoo.com/news/women-spotters-said-hamas-prepari...