Spike In Herbalife Ltd. (HLF) Put Options Raises Insider Trading Alarm
When Herbalife Ltd. (NYSE:HLF) announced that it had received a civil investigative demand (CID) from the Federal Trade Commission (FTC), most people knew that it was a real possibility (even those who support the company are aware of widespread criticism). But predicting exactly when a probe would start is another matter entirely, which is why a sudden spike in put options before the announcement has people calling foul.
Yesterday, the finance blog Bored . . .
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