[dynamodispatch]

This isn't news. It happens all the time. During earnings season, whenever there is a news break about pharma,tech,commodity, etc, whenever there is a big political/environment/etc news, and when the market moves.

And 8600% isn't that impressive ( depending on the size of the bet ). Leveraged bets can turn $1K into $1M or $10M overnight.

If you want impressive, go look into the returns in currency trading when the swiss unpegged their franc a few years ago. If you had insider information, you could have turned a few thousands into tens of millions easily.

This is really only news if this tiny hedge fund had insider knowledge. There's nothing really newsworthy about this.

[alva]

Sounds like they were not leveraged. Any idiot can make super high leveraged bets that will wipe them out if they don't pay off. Your comment suggests a lack of understanding of risk. Max risk of 200k for 17m payoff is VERY impressive.

[OscarCunningham]

It depends on the odds of it working, of course. 200k/17m is 1.2%, so any idiot can arrange a bet which pays of 17m with 1.2% probability with at most 200k at risk.

[alva]

Of course they can. My comment was in context of the parent. Suggesting 8600% return isn't that impressive is ludicrous and ignores the downside. Comparing this bet to ultra-leveraged bets is silly.