Sean King

My photo
Knoxville, Tennessee, United States

Friday, July 25, 2008

Is Steve Jobs' Doctor an Insider?

BloggingStocks: Suppose that his doctor had conducted an examination and found Mr. Jobs to be in tip-top shape -- if he goes out and buys call options before the news reaches the media, is that insider trading? I'm not sure. It seems unethical on a multitude of levels, but it isn't related to the company in a direct, material way like news about an upcoming merger would be. Just to be clear: I'm speaking hypothetically and have no reason to believe anything like this happened.