IN 2015, A MYSTERIOUS OPTIONS TRADER TURNED $110K INTO $2.4 MILLION IN JUST 28 MINUTES A single trade in 2015...
IN 2015, A MYSTERIOUS OPTIONS TRADER TURNED $110K INTO $2.4 MILLION IN JUST 28 MINUTES
A single trade in 2015 turned $110,000 into $2.4 million in just 28 minutes, showing how fast money can be made when timing meets information.
The moment rumors surfaced that Intel was planning to acquire chipmaker Altera, one trader moved instantly and bought options tied to nearly 300,000 Altera shares before the broader market reacted.
Seconds later, the stock was halted for news, and when trading reopened, Altera jumped almost 28 percent, sending the value of those options soaring from about $0.35 to nearly $8.50 each.
What looked like a routine market day turned into one of the most dramatic short-term option trades ever, proving that in financial markets, a few minutes can change everything.