1% of Canadian mortgages from private lenders were delinquent in the third quarter of 2023 compared with the industry-wide rate of 0.15%, per Reuters.
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This trader turned $500,000 into $3.5 million in 24 hours.
They bought 5700 $IMGN $21 calls 1/2024 Nov 29 that were 31% OTM!!!
The Chain gets literally zero volume. $ABBV announced a buyout of $IMGN. $IMGN rallied 82%.
A prime example of someone always knows.
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Want to see an unusual trade?
On June 5, 2023, a trader opened new Coinbase, $COIN $50 weekly puts for $107,000. They were 19% OTM & expired in 4 days!
On June 6, the SEC sued $COIN.
Those trades were up big: 2500%.
The trader turned $100K to millions. Someone always knows.
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In the third quarter, the $154 billion nominal year-over-year increase in credit card balances marks the largest such increase since 1999, per Liberty Street Economics.
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FTX co-founder Sam Bankman-Fried may call seven expert witnesses, paying them up to $1,200 an hour, to testify on his behalf at his upcoming fraud trial, per Bloomberg.
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At 25 a weekly $100 investment in the stock market, earning a 7% annual rate of return, will over time compound into savings that top $1.1 million by age 65, per the Milken Institute.
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