Austin Private Wealth, LLC, a Texas-based financial planning company, is being scrutinized after a social media post went viral that claimed they had put options on as many as 12 million shares of DJT shares just one day before the assassination attempt on Donald Trump.
The investment firm denied the allegations and has now blamed a filing error for this controversial action.
A Put Option is an investment made by someone who expects a company’s Stock Price to fall. People who engage in Inside Trading buy Put Options can make 5X or, sometimes even 100X profits (depends on how quickly the stock plummets).
If Trump did die in the assassination attempt, his company would have become worthless. It’s stock would have become Zero in a day. The people who bought Put Options would have made billions in profits.
According to the viral post, Austin Private Wealth’s alleged put position on July 12 was the largest among those listed—the second-biggest was Citadel’s 1.677 million short in May.
he filing date is July 12th, the day before the assassination attempt. With reportedly around $1 billion in assets under management, this is allegedly by far the largest put placed by the firm, according to Finbold.
To make things even more interesting, my source tipped me off with the following two images from their Bloomberg terminal. The screenshot on the left shows the Put by Austin Private Wealth LLC, that was taken earlier this morning. It shows the 120,000 puts. As you can see their position is by far the largest, the next closest is Citadel Advisors with 16,770.
Here is where it gets interesting, the screenshot to the right was taken later in the day and poof, Austin Private Wealth LLC is nowhere to be found. Why?
