Sometimes it beggars belief what people will do for a profit
Disturbing news about the German football bombing last week
The German press is saying that investigators believe that the perpetrator bombed the coach to sink the price of BVB shares after borrowing money to then buy 15k in put options at an estimated price of €78k. Apparently police traced the suspect and the trade to an IP at the same hotel as the football team.
At a time when Europe is faced with continuous terror attacks, it's absolutely sickening to think what people would do for a profit. Without making light of the situation at all, he would have made more money if he'd just traded on the idea that they would get beaten in the match anyway, as the share price fell more on the defeat than it did after the attack.
BVB shares 11/12th April
We're living in crazy and sad times folks.