So Who Leaked The Heinz Deal?

Tyler Durden's picture




 

Just a purely accidental modest to quite modest increase in the Heinz June $65 call open interest yesterday, and an even more accidental $1.5 million profit in one day? Surely the new Morgan Stanely head of the SEC will get right on it, and market "credibility" will be preserved. At least Buffett's DOJ-immune rating agency Moody's will rate the JPM's committed financing for the HNZ takeover AAAA++++.

 

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Thu, 02/14/2013 - 10:10 | 3242816 Palladin
Palladin's picture

Tyler:

Another one that had similar action was Constellation Brands Inc. (STZ).

Take a look at the Feb 35.00 call options that expire in one day, 1700 contracts. Then take a look at the Feb 35.00 puts. some 4,400 contracts traded that expire in one day.

What makes no sense is if you look out to March, April, and July, you see far more puts in the 30.00-35.00 range than calls. There might be some sort or Ram-a-Lam strategy going on, but as of today, all of those puts, and there were a lot of them, will expire worthless.

Thu, 02/14/2013 - 10:17 | 3242833 ptoemmes
ptoemmes's picture

The ketchup is out of the bottle...or is that catsup.

http://www.youtube.com/watch?v=biW2i9yK-10

BTW - it's not a good idea to microwave this stuff in the plastic packet - regardelss of how you spell it. Fun to smash them though.

Thu, 02/14/2013 - 10:23 | 3242843 azengrcat
azengrcat's picture

The Bollinger runneth over

Thu, 02/14/2013 - 10:32 | 3242891 Everybodys All ...
Everybodys All American's picture

... who is Charlie Munger.

Thu, 02/14/2013 - 10:32 | 3242892 Downtoolong
Downtoolong's picture

Buffett probably bought the options too.

Thu, 02/14/2013 - 10:33 | 3242896 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

That impartial agency, the protector of the public and free markets the SEC will get to the bottom of this. Super Moe is on the case.

Thu, 02/14/2013 - 10:39 | 3242907 madmax1965
madmax1965's picture

Isn't the illustrious Senator McCain somehow involved in this?  Nothing to see here move along!

Thu, 02/14/2013 - 10:54 | 3242944 Kiwi Pete
Kiwi Pete's picture

Well whoever wrote those options is gonna be pissed. Won't they squeel?

Thu, 02/14/2013 - 11:23 | 3243040 surfsup
surfsup's picture

Congressional Bonus time dude... 

 

Thu, 02/14/2013 - 11:49 | 3243138 dime2962
dime2962's picture

So lets get this straight.... Kerry gets sworn in quickly and within days this deal is announced. 

 

I'd start with the accounts of Senators, their aides and their companions, associates, and work my way out from there. 

But remember, its all legal if your a member of congress.... 

Thu, 02/14/2013 - 12:01 | 3243198 Bastiat
Bastiat's picture

 

 

Kerry text to Lavrov: Like that action? Answer the phone next time I call, prick.

Thu, 02/14/2013 - 12:05 | 3243215 Keegan11
Keegan11's picture

Goldman ahead -- of course

Thu, 02/14/2013 - 13:15 | 3243450 medium giraffe
medium giraffe's picture

A lot of leaking going on all over. Had to laugh at NZD rising 10 minutes before data being announced yesterday.

Thu, 02/14/2013 - 15:47 | 3243925 larz
larz's picture

not hard to trace the owners of those trades there is a very clear audit trail, so get our regulators on that and off the midget porn sites

 

unless of course they are bought and paid for too

 

Thu, 02/14/2013 - 16:50 | 3244185 Catflappo
Catflappo's picture

A warning to those insider traders - the law will ketch up with you!

Do NOT follow this link or you will be banned from the site!