So as silly as it may be, Nvidia’s earnings tomorrow are predicted to move the markets one way or the other based on how they report.
Of course people at Nvidia with material non-public information about the company cannot legally trade on the stock unless it was prescheduled.
However, he’s my thought: Broader market ETFs, even those that don’t contain Nvidia at all, will be moved either up or down.
Couldn’t the employees trade those ETFs accordingly and still be plausibly disconnected from any accusations of illegal insider trading? How could the SEC say “well this fund doesn’t contain Nvidia, but you still knew it would tank / soar based on your company’s performance”?
Not saying they are, just a thought.
Leave a Reply