Cyber Liability–Equifax Options purchased Prior to Hack Announcement can generate over $6 Million

September 13, 2017

According to CNBC someone or persons on August 21, 2017, bought over 2600 contracts with the right to sell Equifax stock for $135 a share in September.  Each contract cost the buyer 60 to 70 cents each, with the right to sell 260,000 shares in September.  Equifax shares are currently trading around $111.00.   At that price if those contracts are executed today, the holder of the contracts could generate over $6.2 Million in profits.

CNBC states that in a normal month, July 2017 for instance, only 260 contracts for Equifax were purchased or about 13 per day.

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