<story><title>SEC charges former Amazon finance manager and family with insider trading</title><url>https://www.sec.gov/news/press-release/2020-228</url></story><parent_chain></parent_chain><comment><author>eel</author><text>&amp;gt; On January 15, 2018, Bohra used her work computer to search Google for “AMZN.”&lt;p&gt;How does the SEC know this? Is it most likely browser history? Google account history? Corporate monitoring software?</text></comment>
<story><title>SEC charges former Amazon finance manager and family with insider trading</title><url>https://www.sec.gov/news/press-release/2020-228</url></story><parent_chain></parent_chain><comment><author>boulos</author><text>From the complaint, it was OTM calls and puts, but it seemed like they were trying to decide how much to go in.&lt;p&gt;&amp;gt; 42. Prior to the completion of Bohra’s initial review, her Husband had purchased 500 Amazon shares in put options in his account on January 8. These put options had an expiration date of February 16, 2018, and they represented his expectation that Amazon’s stock price would fall by that date.&lt;p&gt;&amp;gt; 48. During this same period, Bohra’s Husband sold the put options that were held in
his account and instead purchased both Amazon common stock and Amazon call options in his account as well as accounts belonging to Bohra’s Father-in-Law and Bohra’s Mother-in-Law, now betting that Amazon’s stock price would increase.&lt;p&gt;&amp;gt; On the morning of January 22, 2018, Bohra’s Husband again logged in from his home and sold the 500 Amazon shares in put options that were in his account and replaced them with a purchase of 1,000 Amazon shares in call options. That afternoon, Bohra’s Husband logged in from his workplace to purchase 4,000 Amazon shares in call options in his account; 2,000 Amazon shares in the same call options in one of Bohra’s Mother-in-Law’s accounts; 1,000 Amazon shares in the same call options in another of Bohra’s Mother-in-Law’s account and 1,000 Amazon shares in the same call options in Bohra’s Father-in-Law’s account. The call options purchased that afternoon had the same strike price and expiration date.&lt;p&gt;&amp;gt; 51. Over the next few days, Bohra’s Husband and Bohra’s Father-in-Law continued to purchase Amazon common stock and call options, selling call options they had purchased on January 22 and 23 and replacing them with new call options at higher strike prices that they purchased on January 24, 25, and 26, and on February 1.&lt;p&gt;&amp;gt;  53. By the time that Amazon’s fourth fiscal quarter and year end 2017 earnings was
11 announced on February 1, 2018, Bohra’s Husband and Bohra’s Father-in-Law had spent more than $850,000 on purchasing Amazon call options and common stock in order to trade, at least in part, based on the material nonpublic information that Bohra had provided.&lt;p&gt;&amp;gt; 56. On February 1, 2018, after the market closed, Amazon announced its fourth fiscal quarter and year end 2017 earnings. The next day, February 2, 2018, Amazon’s stock price increased 2.87% over the prior day’s closing price.&lt;p&gt;&amp;gt; 58. In total, accounts belonging to Bohra’s Husband, her Father-in-Law, and her
10 Mother-in-Law made a profit of approximately $664,000 by trading Amazon common stock and Amazon call options ahead of Amazon’s fourth fiscal quarter and year end 2017 earnings announcement.</text></comment>