For The SEC's Viewing Pleasure: NYB Stock And Option Chart
As we speculated on Friday, whoever bought those 7,500 calls on inside information ahead of the NYB assumption of massive taxpayer subsidies in the form of the AmTrust's $2 billion "failed bank" consideration via the FDIC, is now much richer. And we demand a full investigation into who and why i) leaked this information and ii) profited from it. With the stock up 9%, any inactivity by Mary Schapiro is equivalent to her spitting in the face of anyone still caring about a free and fair market.
With 9,500 of the Dec 12 puts trading on 20 contract open interest, this is a blatant attempt to cover the tracks of whoever made a massive profit thanks to material inside information, which would have potentially originated from the FDIC itself.