Mystery Trader's Options Bet Linked With Debt Ceiling Bill Leads To Insider Trading Concerns: Report
Portfolio Pulse from Bhavik Nair
A mystery trader has made significant gains on an options bet related to the approval of a 300-mile natural gas pipeline as part of the US debt ceiling agreement. The bet involved 100,000 call options on Equitrans Midstream Corp (NYSE:ETRN), the company involved in the Mountain Valley Pipeline. The trade has raised insider trading concerns due to its timing.
June 05, 2023 | 6:06 am
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A mystery trader's options bet on Equitrans Midstream Corp (NYSE:ETRN) has raised insider trading concerns due to its timing and the significant gains made.
The mystery trader's options bet on ETRN has raised concerns about insider trading due to its timing and the significant gains made. While this news may not directly impact the stock price in the short term, it could lead to increased scrutiny and potential investigations, which may affect investor sentiment and the stock's performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100