"Mystery Trader's Profit from Debt-Ceiling Deal Raises Insider Trading Suspicions"

A mystery trader made a huge bullish bet on Equitrans Midstream Corp. several days before the US government announced a deal that would give the long-delayed Mountain Valley Pipeline the final approvals needed to complete the project. The bet involved snapping up 100,000 call options on the firm's stock, which proved prescient and wildly profitable within just a few days. The bet has raised suspicions of insider trading, with some questioning whether the parameters of the debt deal had somehow leaked out ahead of time. No one has been accused of any wrongdoing with the options trade, and Equitrans said neither the company nor any of its executives were involved in the transaction.