Happy Thursday, traders.
Ben here.
Today, I’m gonna tell you a true story that intertwines personal secrets with financial intrigue, about a man from Texas who unexpectedly found himself at the heart of an insider trading scandal.
His life took an astounding turn when he overheard private conversations, gathered non-public information, and made a seven-figure fortune off the secrets he learned.
SPOILER ALERT: Like most insider traders, he was caught and charged by authorities.
As he faced the consequences, his choices unraveled a web of lies, broken trust, and difficult decisions — along with $1.7 million in ill-gotten profits.
What began with a secretly overheard word has led to one of the wildest insider trading stories in recent history.
Buckle up and get ready for the unbelievable tale of Tyler Louden…
Tyler’s Multi-Million Insider Trading Mistake
In December 2022, Tyler Louden, aged 42, was working from home like any other week.
He shared a home office with his wife, a mergers and acquisitions manager at British Petroleum (NYSE: BP).
They worked close enough that he could hear his wife’s phone conversations — and he listened in without her knowing.
Around this time, his wife was regularly discussing some non-public company news, and Tyler learned about this before any other traders.
The scoop he got was this: BP was planning to buy another company called TravelCenters of America.
Based on this information he had illegally gathered, Tyler knew that the deal would cause a surge in the share price of TravelCenters of America.
Tyler decided to act on the secret information he heard. He bought a boatload of shares in TravelCenters of America…
Then, when BP announced they were buying the company, Tyler sold all his shares immediately, securing a huge (illegal) profit.
But Tyler knew he had done something wrong — he had a consciousness of guilt. When he thought BP’s lawyers might start asking questions, the anxiety was too much to bear.
He finally broke down and told his wife what he did — that he began buying the company’s stock in December 2022 and sold a lot of his other stocks to buy even more.
She was shocked and told her boss. Sadly, she lost her job at BP, even though she didn’t know about his trades. She decided to divorce him in June 2023.
The prosecutors said Tyler was very careless in using the secret information he overheard. His defense attorney told the Times that Tyler realized he made a “terrible mistake in judgment.”
For his part, Tyler has to give back the $1.7 million he made. He could also go to prison for up to five years and might have to pay a fine of up to $250,000. His court date for sentencing is set for May 17.
This case is notable because it involved someone using their spouse’s insider information without them knowing.
But that’s not why I’m telling you this story today…
How to Follow the ‘Smart Money’ the Right Way
I’ve always wanted a way to benefit from ‘smart money’ information without doing anything illegal.
And that’s exactly why I created my Spyder Scanner.
By looking at the biggest bets from Wall Street’s richest and most connected traders, I’m able to do exactly that.
Take a look at my track record from 60 recent trades in a row*:
- 56 Wins
- 4 Losses
- Win Rate = 93.3%
- Average Trade Result = 92.95%
- Average Gain of Winning Trades = 102.5%
I don’t need to make illegal trades (like Tyler did) to piggyback the ‘smart money’ … and neither do you.
All you have to do is be a Spyder member, pay close attention to the Spyder Scanner, and stay disciplined with your entries and exits.
And speaking of my Spyder Scanner, let’s take a look at…
💰The Biggest Smart-Money Bets of the Day💰
- $7.34 million bullish bet on WFC 04/19/2024 $57.50 puts @ $1.32 avg (seen on 2/28)
- $1.8 million bullish bet on GOOG 04/05/2024 $141 calls @ $3.00 (seen on 2/28)
- $1.6 million bullish bet on TSLA 03/01/2024 $205 calls @ $2.43 (seen on 2/28)
Happy trading,
Ben Sturgill
P.S. If you want access to more ‘smart money’ sweeps like these…
This SUNDAY, March 3 at 3 p.m. EST — my colleague Danny Phee is hosting an urgent LIVE WEBINAR where he’ll reveal the most promising ‘smart money’ trades we’re seeing this week.
Don’t miss out — CLICK HERE NOW TO RESERVE YOUR SEAT.
*Past performance does not indicate future results
