I am what Many Dream to be but only a few can achieve, im a part of the 1%
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Bets on Fortress placed before bid news yield 400% profit
A trader or traders in the options market made an estimated profit of 400 percent betting on a big move in Fortress Investment Group shares on Tuesday, just hours before the private equity firm announced a $3.3 billion takeover offer from SoftBank. The size of the bets raised eyebrows and led several options market experts to suspect that someone was trading on information that had leaked about the deal, which surprised the private equity industry when it was announced later in the day. "There was a biggish trade and then there was a colossal trade," said Ophir Gottlieb, chief executive of Capital Market ... (full story)