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Trader makes $2.5 million in minutes thanks to reporter’s tweet

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(Photo by John Moore/Getty Images)

NEW YORK — One savvy (or lucky) person made around $2.5 million in less than half an hour because of a well-timed trade.

According to CNBC, someone saw a tweet from a Wall Street Journal reporter about one of the biggest tech deals of the year.

Just seconds after the tweet was sent, a trader purchased 315,800 shares of chipmaker Altera. CNBC reports the shares were sold to the trader at $36 each with a call option at 35-cents.

Talks of a buyout from Intel made Altera’s stock soar by the time the market closed 28 minutes later.

At that point, the trader sold the shares valued at $44.39 each, an increase of 28-percent, with a call option of $8.10.

When you factor in the call option, the trader made a 2,200-percent profit, for a total of $2,539,832.

As for the business deal, it would be Intel’s largest acquisition.

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