[Image] Happy Friday! Hereâs this weekâs smart money recap! In todayâs Dark Money Trades rundown: - ðª Insider trading disaster for former NFT exec
- ð° Recap of 2 interesting smart money bets from this week
- ð« Benâs Extra Bullets: 3 additional ideas for the market next week Read time: 3 minutes ð [Dark Money Scoop: Trading Disaster for NFT Exec]( ðª Image source: Midjourney Got an insider throwback for you today! Remember Nathanial Chastain? If the name sounds familiar⦠Itâs because he recently got a jail sentence for insider trading at NFT platform OpenSea⦠While he worked there as their head of product. ð Nate was responsible for deciding which NFTs would show up on OpenSeaâs homepage⦠And while that mightâve been fine if he wasnât trading them⦠Thatâs exactly what he did. Nate would buy these NFTs before HE featured them⦠They would shoot up in value, being on OpenSeaâs front page⦠Then heâd sell them for multi-triple-digit profits! Some internet trading detectives even figured out he was doing this⦠And compiled data on how much he was earning on these bets⦠Gains like 194%⦠391%⦠and 525%! At the end of the day, to put it lightly⦠Nate done messed up⦠𤷠But itâs a great reminder that smart money movers and shakers are making insider bets all the time⦠And we have the chance to capitalize on those moves in our own trading. ð°The Biggest Smart-Money Bets of the Weekð° $449.39K bearish bet on NVDA DEC 1 $480 puts @ $4.85 (seen on 11/27) $1.93MM bullish bet on PDD DEC 1 2023 $117 calls @ $5.00 (seen on 11/27) Howâd these big bets do? NVDA stock got rocked in a bad way yesterday, dropping around $20 through todayâs open. These $480 puts that hit my smart money scanner at 3:49PM on Monday, went from around $4.85⦠To a high of $18.20 this morning, for a peak potential move of 275.26%! A bummer for NVDA enthusiasts, but a welcome move for this trader! As for PDD⦠wow. This Chinese e-commerce giant had an incredible earnings performance⦠And skyrocketed at Tuesdayâs open. These $117 calls went from $5.00 at the time they were bought⦠To a high of $28.37 today, for a peak move potential of 467.4%. Whoever made that trade either made a big gamble that paid off⦠Or had some key information suggesting that PDD was about to take off the next day. ð« Benâs Bullets for the Week 3 interesting ideas Iâm keeping an eye on going into next week: - LVS DEC 29 2023 $47 calls, above $46.20
- SCHW JAN 19 2024 $67.5 calls, above $61.50
- UPST JAN 19 2024 $32.5 calls, above $29 Before I leave you for the weekend⦠If you havenât seen my important announcement⦠Youâre gonna want to see [this short 2-minute video]( I just recorded⦠With an urgent message for all traders ahead of this coming week. You need to see this before even thinking about making another trade. [Click here to check it out ASAP]( See ya on Monday! ð 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. We have developed a Privacy Policy to inform you of our policies regarding the collection, use, and disclosure of information we receive from users of our website. Our Privacy Policy, along with our Term & Conditions, governs your use of this site. By using our site, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our Terms & Conditions and our Privacy Policy. If you have provided personal, billing, or other voluntarily provided information, you may access, review, and make changes to it via instructions found on the Website or by replying to this email. To manage your receipt of marketing and non-transactional communications, you may unsubscribe by clicking the âunsubscribeâ link located on the bottom of any marketing email. Emails related to the purchase or delivery of orders are provided automatically â Customers are not able to opt out of transactional emails. We will try to accommodate any requests related to the management of Personal Information in a timely manner. However, it is not always possible to completely remove or modify information in our databases (for example, if we have a legal obligation to keep it for certain timeframes, for example). If you have any questions, simply reply to this email or visit our website to view our official policies.