Want to see a crazy trade?
Yesterday, someone OPENED $SPLK 127 calls, for $22,000, expiring tomorrow.
Then today Cisco Systems $CSCO announced acquiring Splunk for $28B, $SPLK up 20%.
The contracts were $0.04 yesterday, now $18.30.
They exited today for a 45,650% return...
#BTC below realized price, short term holder price (5M) and 2Y holder price. I guess we need patience: in 2011 it took 2 months, in 2014 9 months, in 2018 5 months.