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Austin Private Wealth Shorted 12 Mil Shares of Trump Stock (Before 7/13)
• Granite GrokMany of us woke to the conspiracy theory-worthy news that someone bet big against the future of Donald Trump 'days' before some kid tried to blow his head off.
????????????????????????????????: Austin Private Wealth with CONNECTIONS to the Bush family shorted 12M shares of $DJT via a put option on July 12, just ONE DAY before the assassination attempt.
— legislation (@legislationpage) July 18, 2024
Did the Bush's know something was going to happen to Donald Trump?
This massive trade represents… https://t.co/BWJ1fAqn8O pic.twitter.com/kxnupNxSwW
My natural reaction was that this was way too obvious a move but not beyond the pale, so I looked for more details.
So, on July 12th, a day before the assassination attempt, Austin Private Wealth reported a short position nominally equivalent to 12 million shares. It is huge: it represents approximately one-seventh of Trump's ownership in the same company, or 16% of all available stock float not held by major insiders.
Is that a big deal? For my nonfinancial readers, here is a little introduction to puts. Austin Private Wealth's position is in put options. Puts are financial instruments whose holder receives a payment if the underlying stock falls below the agreed price (the strike price) by a certain date. In such a case, the put option holder receives the difference. The more the stock falls, the more the put holder gains.