The company posted an explanation on the first page of their website...
"Statement on Incorrect Filing with the SEC
7/17/2024
The SEC filing which showed that Austin Private Wealth shorted a large number of shares of Trump Media & Technology Group Corp (DJT) was incorrect and we immediately amended it as soon as we learned of the error.
No client of APW holds, or has ever held, a put on DJT in the quantity initially reported. The correct holding amount was 12 contracts, or 1,200 shares — not 12 million shares, as was filed in error. In submitting the required report for the second quarter of 2024, a multiplier was applied by a third-party vendor that increased the number of the shares by a multiple of 10,000 for all options contracts (not just DJT). We did not catch the error before approving the filing.
We filed the report on July 12 to reflect our positions on June 28. We amended it on July 16. "
I’ve been mentally compiling and weighing the conspiracies threads, but when someone monetizes one, my oh shit this is real meter goes off. What is it about these creatures that achieving their goal is not enough, they also need to make money on it.
Majority of Austin Private Wealth LLC, is held by George Soros’ Vanguard and BlackRock. Same characters bet against the 2 airlines day before 911. The world is waking up.
Just a quick comment on the timing of the filing. To be crystal clear, the 13F filing is an end of quarter report for regulated investment entities. Those puts (however many were purchased) were accumulated from 4/1 to 6/30.
Second, the screen shot doesn't give us any of the critical details of the put - the strike price and the expiration dates being most important. If these were deep, out of the money puts, then the effective shares short is much smaller than if these were at the money or in the money puts (option deltas describe the sensitivity of an option price to a change in the underlying and for money managers. Out of the money options are less sensitive than in the money, all else equal).
Finally, I can't tell from the screenshot whether this purchase was to hedge a long position (i.e. the fund bought insurance to protect an investment) or was in some way a derivative play on some other risk factor.
In short, from the solo screen shot, it is impossible to suss out a motive with any confidence
Austin Private Wealth reported that their position is only 12 out contracts - media managed to inflate it by 10,000 - somehow/someone incorrectly applied multiplier to their own report.
That sure is a strange coincidence. It should be possible to dig into the changes in open interest for DJT puts to see whether any unusual trading activity occurred in this particular case.
It should be noted that as for trading options, you don't need to do something as obvious as buying puts to make a short bet. You can create various spreads which will give you tremendous profit if a stock crashes without making it nearly so transparent what you are betting on.
𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: Austin Private Wealth with CONNECTIONS to the Bush family shorted 12M shares of $DJT via a put option on July 12, just ONE DAY before the assassination attempt.
Did the Bush's know something was going to happen to Donald Trump?
This massive trade represents 6% of total shares and over 16% of the float, given Trump’s 60% ownership.
Their $1B AUM makes this a significant bet.
Austin Private Wealth is connected to the Bush family through James A. Baker III, a Senior Policy Director with longstanding ties to the Bushes, having served as Secretary of State under George H.W. Bush and in various roles under Ronald Reagan and George W. Bush.
George W. Bush has strongly shared his support AGAINST Trump despite everything happening in our country.
While these connections don’t imply direct involvement, they highlight significant professional relationships..
Latest comprehensive updates:
https://modernity.news/2024/07/18/investment-firm-denies-shorting-trump-media-stock-day-before-assassination-attempt/
Sorry if someone posted this already but I have to go listen to President Trump now :)
The company posted an explanation on the first page of their website...
"Statement on Incorrect Filing with the SEC
7/17/2024
The SEC filing which showed that Austin Private Wealth shorted a large number of shares of Trump Media & Technology Group Corp (DJT) was incorrect and we immediately amended it as soon as we learned of the error.
No client of APW holds, or has ever held, a put on DJT in the quantity initially reported. The correct holding amount was 12 contracts, or 1,200 shares — not 12 million shares, as was filed in error. In submitting the required report for the second quarter of 2024, a multiplier was applied by a third-party vendor that increased the number of the shares by a multiple of 10,000 for all options contracts (not just DJT). We did not catch the error before approving the filing.
We filed the report on July 12 to reflect our positions on June 28. We amended it on July 16. "
I think I saw where her evil highness Nuland gave an interview the day before and stated adamantly that Trump would not be president.
Link?
Here you go.
https://en.topwar.ru/246552-viktorija-nuland-za-tri-dnja-do-pokushenija-na-trampa-putina-zhdet-neprijatnyj-sjurpriz.html
https://twitter.com/runews/status/1812574457833427167/video/1
That's some serious evil!
Thanks!
I’ve been mentally compiling and weighing the conspiracies threads, but when someone monetizes one, my oh shit this is real meter goes off. What is it about these creatures that achieving their goal is not enough, they also need to make money on it.
Someone always knows. Same thing as the airlines before 9/11.
Yeah. I'm not ready to let this go.
Majority of Austin Private Wealth LLC, is held by George Soros’ Vanguard and BlackRock. Same characters bet against the 2 airlines day before 911. The world is waking up.
Just a quick comment on the timing of the filing. To be crystal clear, the 13F filing is an end of quarter report for regulated investment entities. Those puts (however many were purchased) were accumulated from 4/1 to 6/30.
Second, the screen shot doesn't give us any of the critical details of the put - the strike price and the expiration dates being most important. If these were deep, out of the money puts, then the effective shares short is much smaller than if these were at the money or in the money puts (option deltas describe the sensitivity of an option price to a change in the underlying and for money managers. Out of the money options are less sensitive than in the money, all else equal).
Finally, I can't tell from the screenshot whether this purchase was to hedge a long position (i.e. the fund bought insurance to protect an investment) or was in some way a derivative play on some other risk factor.
In short, from the solo screen shot, it is impossible to suss out a motive with any confidence
Thanks very much.
Austin Private Wealth reported that their position is only 12 out contracts - media managed to inflate it by 10,000 - somehow/someone incorrectly applied multiplier to their own report.
https://austinprivatewealth.com/
That sure is a strange coincidence. It should be possible to dig into the changes in open interest for DJT puts to see whether any unusual trading activity occurred in this particular case.
It should be noted that as for trading options, you don't need to do something as obvious as buying puts to make a short bet. You can create various spreads which will give you tremendous profit if a stock crashes without making it nearly so transparent what you are betting on.
Looks like it was APW's third party vendor (a contractor?) who generated the official filing report on behalf of APW.
They say the 10,000x multiplier was extended indiscriminately to reporting of all options contracts.
So, not media inflating, but their compliance reporting vendor.
I'll admit, I wanted this to mean something. But it looks like an honest error.
Likely someone is out of a job now.
Quick thinking on their part.
I guess someone could search for other APW options trades in the quarter to see if they are inflated.
The fact they are connected to Bush AND Vanguard AND Blackrock is ... problematic.
Right. Not the kind of publicity they want. Not even in Austin.
Thanks! No doubt others will weigh in if there's anything unusual here.
Thanks Chas. From the link:
𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: Austin Private Wealth with CONNECTIONS to the Bush family shorted 12M shares of $DJT via a put option on July 12, just ONE DAY before the assassination attempt.
Did the Bush's know something was going to happen to Donald Trump?
This massive trade represents 6% of total shares and over 16% of the float, given Trump’s 60% ownership.
Their $1B AUM makes this a significant bet.
Austin Private Wealth is connected to the Bush family through James A. Baker III, a Senior Policy Director with longstanding ties to the Bushes, having served as Secretary of State under George H.W. Bush and in various roles under Ronald Reagan and George W. Bush.
George W. Bush has strongly shared his support AGAINST Trump despite everything happening in our country.
While these connections don’t imply direct involvement, they highlight significant professional relationships..