The Key Question on Equifax Options Trade Is Who Initiated the Order
- Report says congressional investigators probing August trade
- Volume in bearish puts surged, but were they bought or sold?
Equifax Stock Sales Said to Be Focus of DOJ Probe
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Getting to the bottom of an Equifax Inc. options trade that has reportedly piqued the interest of congressional investigators will require a determination that plagues anyone looking for villains in markets.
Namely, who made the trade. Not the person’s name, necessarily, but whether he came to the market as a buyer or a seller. Getting an answer will be key to telling if the transaction is evidence of illicit intent, or just another weirdly timed options trade that doesn’t amount to anything.