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Anyone buying Equifax this morning?

2,949 Views | 21 Replies | Last: 6 yr ago by redsox34
TwoMarksHand
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Scandal hit with the breach and all. Apparently a Senior Manager dumped a bunch of stock. And now it show to be dropping like a rock at last nights closing.

I will be interesting to see what it looks like this morning when it opens.
redsox34
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http://www.marketwatch.com/story/equifax-executives-sold-stock-after-data-breach-before-informing-public-2017-09-07?siteid=yhoof2&yptr=yahoo

Looks like it was actually 3 of them. Doubt the SEC will even pursue it.
pacecar02
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I was trying to get pre-approved for a home loan Tuesday, "technical difficulties" preventing me from getting an equifax score till late in the day(that's what they said on the phone)
redsox34
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Just saw that someone bought $160K worth of 135 put options on August 21..now worth about 4 million.
Seanzy2012
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their own execs don't want to hold it lol so much in fact that they'll risk jail.
AgBank
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Seanzy2012 said:

their own execs don't want to hold it lol so much in fact that they'll risk jail.
It has been too long since someone did jail time like in the good old days.
TwoMarksHand
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AgBank said:

Seanzy2012 said:

their own execs don't want to hold it lol so much in fact that they'll risk jail.
It has been too long since someone did jail time like in the good old days.
I was under the impression that the SEC no longer sent people to jail.
Seanzy2012
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TwoMarksHand said:

AgBank said:

Seanzy2012 said:

their own execs don't want to hold it lol so much in fact that they'll risk jail.
It has been too long since someone did jail time like in the good old days.
I was under the impression that the SEC no longer sent people to jail.


Only if Houston Nutt is involved....
TwoMarksHand
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Seanzy2012 said:

TwoMarksHand said:

AgBank said:

Seanzy2012 said:

their own execs don't want to hold it lol so much in fact that they'll risk jail.
It has been too long since someone did jail time like in the good old days.
I was under the impression that the SEC no longer sent people to jail.


Only if Houston Nutt is involved....


Laugh/cry
John Maplethorpe
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Quote:

But Aug. 21 was different. Najarian pointed to activity in Equifax puts that day, when 10 times as many were bought than in the entire preceding month
Trying to sneak it in on eclipse day?
Donald Trump is a protectionist like many other politicians, save that he unfurls his vast economic ignorance more fully and more proudly than do more seasoned politicians.
TwoMarksHand
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Down again today ~8.25%
Charlie Murphy
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Brutal. Unfortunately I've owned a decent amount for a year now. Yikes
Vernada
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TwoMarksHand said:

Down again today ~8.25%
It's really a shame that there's a even question of them existing after this debacle.
TwoMarksHand
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Down another 14.5% today. Does anyone think that Equifax may go out of business?
Duncan Idaho
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TwoMarksHand said:

Down another 14.5% today. Does anyone think that Equifax may go out of business?


It will go out of business the same way blackwater went out of business after the Nisour Square massacre.

That is to say they won't. They will have their name changed and key leadership will change(with healthy parachutes) but that will be it.

The retail investors will be left holding the bag. As the systems and other assets will be move to another company after restructuring.
redsox34
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9000 Oct 20 $60 puts traded this morning. They are trying to smash this thing.

I followed their lead. Hopped in for .60. We will see.
TwoMarksHand
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redsox34 said:

9000 Oct 20 $60 puts traded this morning. They are trying to smash this thing.

I followed their lead. Hopped in for .60. We will see.
I don't know what any of this means. Can you help me out?
redsox34
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Somebody bought 9000 put options with a strike price of $60 that expire October 20th. Basically, somebody placed a ~$450,000 bet that Equifax would be below $60 by October 20th. The payoff would be enormous if it happens. The stock would need to fall another 30% or so.
TwoMarksHand
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Damn. How did you find that out?
Charlie Murphy
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$60???! damn
khkman22
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Total volume for the $60 put is 27k. Compare that to the other strikes.
redsox34
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There are a lot of websites and services out there that scan option activity for unusual volume and large block trades. If you have the right platform, you could do it yourself too.

What you can't see is who made the trades and their intent. It could be to speculate, hedge, covered puts, etc.
redsox34
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khkman22 said:

Total volume for the $60 put is 27k. Compare that to the other strikes.
Next highest on the put side are the $80 strikes with a little under 6k in volume.

Highest on the call side are the $115 strikes with less than 2k in volume.
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