On CNBC’s Option Action, Real House Wives of New York star, if I can say “star”, Jill Zarin, called in to to say she was thinking of buying calls on Goldman Sachs ahead of their earnings report – she wanted to know if that was a good trade.
The options traders thought it wasn’t a bad way to play Goldman Sachs but Zarin also mentioned that she has three nephews who work at Goldman Sachs and she could ask them if it was a good idea, which would be an insider trading offense, if she then went and bought the calls with this knowledge.
Fortunately, Dan Nathan, warned her that this was a very bad idea – you don’t talk to your nephews about trading the stock of the company they work for. I guess Zarin didn’t hear about Martha Stewart and the prison time she served for insider trading.
Not to be rude or anything, but I’m thinking Zarin might do best sticking with whatever it is she does on the Real House Wives of New York reality show. You know, arguing with people, dressing up for parties, taking care of her dogs, crying at the drop of a hat, and so forth.