dow jones

Up In Smoke

Well-Known Member
Nearly 2 trillion dollars in options expiring today. Looks like a lot of them will expire out of the money. We should see the market pop, but don't be fooled, it's an allusion.
 

Up In Smoke

Well-Known Member
Retailers getting beat up after hours today. Walmart reported a profit warning based on excess inventory and the need to blow it out to make space. All big retailers ( Costco, Target and Amazon) down near 5% after announcement. Consumers should benefit from retailers having to slash prices to turn over supply.
 

vantexan

Well-Known Member
Retailers getting beat up after hours today. Walmart reported a profit warning based on excess inventory and the need to blow it out to make space. All big retailers ( Costco, Target and Amazon) down near 5% after announcement. Consumers should benefit from retailers having to slash prices to turn over supply.
The supply chain backlog got unjammed and suddenly they're overstocked. Look for huge discounts on everything but what matters, food and fuel.
 

Up In Smoke

Well-Known Member
Someone purchased more than 3,000 $130.00 Walmart put options with a July 29th expiration in the last hour of trading today. Someone obviously had inside information and this transaction should be investigated. Depending on the final price, the profit would have been north of 30 million dollars.
 

vantexan

Well-Known Member
Someone purchased more than 3,000 $130.00 Walmart put options with a July 29th expiration in the last hour of trading today. Someone obviously had inside information and this transaction should be investigated. Depending on the final price, the profit would have been north of 30 million dollars.
Wow!
 

Up In Smoke

Well-Known Member
I see 9 people were charged in insider trading schemes today also. Looks like four separate cases, but worth more than 8 million dollars all told. The market is the wealthy's play room. We don't stand a chance.
 

Thebrownblob

Well-Known Member
Someone purchased more than 3,000 $130.00 Walmart put options with a July 29th expiration in the last hour of trading today. Someone obviously had inside information and this transaction should be investigated. Depending on the final price, the profit would have been north of 30 million dollars.
Where was Nancy Pelosi and her Husband today?
 

Up In Smoke

Well-Known Member
I believe it was Purdue and Loeffler that accounted for more than 200 million in trades during the first month of Covid in 2020. The market is theirs for the taking.
 
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