Tim Goes Citizen-ish

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By happenstance, I noticed that there was a huge explosion in the purchase of BBY puts (the $35 weekly in particular) the day before the big announcement. (You remember Best Buy, right? I was tooting my own horn about it yesterday. But, of course, it was just an “occasional winner”, right?) This option was up 1600% the next day. I looked at other contracts, and there was nothing weird. But someone knew something, and they knew just what to buy to profit……

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I looked at the intraday chart, and there are some very obvious large purchases shortly before the close prior to the announcement. So, although I’ve never done this before, I went all Boy Scout on the situation and gave the SEC all the charts and particulars………..

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I mean………SOMEONE has to keep an eye on this stuff, right?