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Home » How one trader made $2.4 million in 28 minutes?

How one trader made $2.4 million in 28 minutes?

In the annals of trading lore, there are tales that seem to defy logic and gravity. One such remarkable incident unfolded in March 2015, when an enigmatic trader orchestrated a staggering profit of over $2.4 million within a mere 28 minutes. The clandestine figure, whose identity remains veiled in obscurity, achieved this astonishing feat by executing a strategic move: investing $110,000 in purchasing call options for Altera stock. The genesis of this whirlwind of financial success can be traced back to a pivotal moment—a news bulletin proclaiming that tech behemoth Intel was engaged in negotiations to acquire Altera.

The sequence of events that transpired on that fateful day underscored the extraordinary potential inherent in the volatile landscape of stock trading. With the release of the news regarding Intel’s prospective acquisition of Altera, the market was thrust into a frenzy of speculation and anticipation. Sensing an opportunity amidst the tumult, our anonymous protagonist seized the moment with calculated precision, swiftly maneuvering to capitalize on the impending surge in Altera’s stock value. By strategically investing in call options—financial instruments that confer the right to purchase a stock at a predetermined price within a specified time frame—the trader set in motion a chain reaction of profitability that defied conventional expectations.

The aftermath of this lightning-fast windfall serves as a testament to the unpredictable nature of financial markets and the potential rewards awaiting those bold enough to navigate their intricacies adeptly. In the span of a mere half-hour, an investment of modest proportions burgeoned into a colossal fortune, showcasing the power of timely insight and decisive action in the realm of trading. Yet, amidst the awe-inspiring spectacle of such astronomical gains, one cannot overlook the inherent risks and uncertainties that accompany every foray into the world of high-stakes investing. As the adage goes, fortune favors the bold—but it also admonishes vigilance and prudence in equal measure.

(Response: The trader made $2.4 million in 28 minutes by purchasing $110,000 worth of calls on Altera stock following news of Intel’s potential acquisition of Altera.)