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Say you have 20 million dollars. If a thinly traded ...

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Say you have 20 million...
Say you have 20 million dollars. If a thinly traded security (under 200,000 shares/day) that is trading at $20 trades options, is it legal to, for example, buy 10 million dollars worth of $20 calls, and simultaneously buy 10 million dollars worth of stock, effectively driving the price of it up, and giving you HUGE returns on your options trades? (and then of course selling the security)
Submitted: 10 years ago.Category: Tax
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1/4/2008
Tax Professional: Bill, Enrolled Agent replied 10 years ago
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