Topic: Sec Filing

2 chapters across the catalog

Edward Dowd analyzes the reports of a Texas-based firm, Austin Private Wealth, placing massive put options against Trump's "DJT" stock. Dowd concludes that it was likely a "clerical error" by a third-party vendor, noting that the firm's filings for other stocks like Apple were also mathematically impossible. However, he maintains that the S&P 500 showed suspicious "market on close" activity on the Friday before the shooting.

Chase Geiser reads the official statement from Austin Private Wealth regarding their SEC filing error. The firm claims a third-party vendor applied a 10,000x multiplier to their options contracts, erroneously showing a 12 million share short instead of 1,200 shares. The firm expressed regret for the error occurring at a "fraught moment" for the nation.