🕵️ Warren Buffet’s trading scandal 🌐

[Image] Happy Friday! Another wild week in the market (plus a 1,517.65% move I alerted)! Let’s get into this week’s smart money recap. In today’s Dark Money Trades rundown: - 📉 Is Warren Buffett about to be busted with insider trading charges? - 💰 Recap of 2 interesting smart money bets from this week - 🔫 Ben’s Bullets in Review: How 3 of my big ideas for the week played out - (One moved 1,517.65% since I shared it on Monday!) Read time: 3 minutes 🚀 [Dark Money Scoop: Buffet's Secret Trades Spark Major Controversy]( 🔍 Image source: Midjourney In the world of finance, news about Warren Buffett has emerged from the shadows… Suggesting that he may have used insider trading and info from Berkshire Hathaway to benefit his personal trading account. I know — shocker, right? 😉 Picture a scene where confidential IRS data unveils a series of personal trades by Buffett, in conflict with the supposed ethical standards at Berkshire Hathaway. First, we have the Wells Fargo (WFC) affair. After Buffett’s glowing review of WFC in a Fortune interview, the bank's stock shot up, and he quietly unloaded $20 million of WFC shares from his personal stash. This move, unknown to the public, happened as the stocks took off, impacted by his high-praise. The plot thickens with Johnson & Johnson (JNJ) in 2012. Copying Berkshire’s strategy, Buffett parted with $35 million in shares, a move that turned out to be totally in-sync with Berkshire's own sale of JNJ shares. 🤨 Then, while Berkshire was amplifying its stake in Walmart, Buffett discreetly shedded $25 million of the retail giant's stock from his own portfolio. This conflicting move, contrasting Berkshire's bullish stance with Buffett's bearish stance, raised eyebrows. These transactions, apparently in conflict with Berkshire's "no personal trading before public disclosure" mandate… (Which were crafted by Buffett himself!)… Opens up a big can of worms. These revelations highlight the complex relationship between personal gains and company rules among top-level investors and insider traders. As this story develops, will powerhouse Buffet get away with this? And would someone else be locked up for insider trading, for committing the same act? I’ll be curious to see how this one plays out. Now, let’s take a look at some of the shocking smart money moves from this week. 💰The Biggest Smart-Money Bets of the Week💰 $1.08MM bullish bet on PPC MAR 15th 2024 $28 calls @ $1.61 (seen on 11/6) $116.46K bullish bet on META NOV 10th $325 calls @ $0.92 (seen on 11/6) How’d these big bets do? Pilgrims Pride Corp (NASDAQ: PPC) didn’t have a great week, coming back down slightly from its recent highs. After closing Monday at $1.68, these calls are now sitting around $1.31 to close out the week With 4.5 months left on this contract, though, there’s still PLENTY of time for PPC to reach that $28 level. As for Meta (NASDAQ: META), wow, they went on a ride this week! After their jump higher today, these $325 calls expiring today hit $3.50 this morning, for a peak move of 280.43%! 🔫 Ben’s Bullets for the Week A follow-up on 3 interesting ideas I kept an eye on in the market this week: - After COIN’s huge jump on Thursday, the COIN NOV 10th $88 calls I told you about on Monday went from $1.74 on Monday’s close, to a high of $11.55 on Thursday, for a 563.79% max move! And the other option here — $95 calls above $88 — that I told you about? These went from $0.34 at Monday’s close, to a high of $5.50 on Thursday, for a peak move of 1,517.65%! Not too shabby, eh? - SQ had a nice run-up this week! The SQ DEC 15 $55 calls, above $50, (that I told you about on Monday) sat at $1.17 at Monday’s close, and hit as high as $2.25 on Wednesday, for a peak move of 92.31%! - For the PLTR JAN 19 $28 calls idea, above $20.50 — PLTR never broke that $20.50 level, even after a big rally today. This is a great lesson in the importance of knowing specifically when you want to get in and out of a trade. Now, I’m not gonna scoff at a 1,517.65% move! But, if anything, it just makes the case even stronger: There are incredible trading opportunities out there every single day… And the powerful trading tech I use is crucial for helping me find great trade ideas. So, in the spirit of helping out traders like you… I’m doing a [live training session on Tuesday at 7pm ET…]( To reveal how you can find smart-money, insider bets on trades like some of these ideas I told you about this week. PLUS, you’ll get the trade details on a trade that hit my unusual options activity scanner… That’s got a ton of insider activity piling into it — you don’t want to miss this idea! [Click here to add this training to your calendar]( 👋 Have a great weekend! 📈 Ben Sturgill   66 West Flagler Street STE 900 Miami, Florida 33130 United States [Click Here to Unsubscribe]( **Our gurus teach skills others have used to make money. Any results displayed are extraordinary and are not typical and will vary from person to person. For more info read our [Earning Claims Disclosure]( About: Making money trading stocks takes time, dedication, and hard work. My goal is to teach you how I have succeeded in the market, but you may not achieve my results. Remember, there are risks involved with investing, including the potential loss of money. We are strongly committed to protecting your privacy and providing a safe & high-quality online experience for all of our visitors. We understand that you care about how the information you provide to us is used and shared. 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