MAYWGR or MAYWGG?, page-8

Bonkers

"Last Tuesday between 12pm and close Merrills or their client/clients spent about $60,000 on MAY puts. The next day they were worth about $750,000. ASIC/ASX must investigate. That smell terrible. Reported in Friday's AFR.
BK. "

My typical warrant trade is around $5k so I'm not sure if $60k is a lot of money for Merrills in what is/was a heavily traded share. It could be the work of one broker on behalf of say, ten clients. On the other hand it sure would appear to be worth at least a cursory look.

Regards