Better question can the flight attendant buy puts? What about the air traffic controller who handled the emergency? It’s the exact same information.

This is where insider trading rules just don’t make sense. Here’s a good example. You can buy credit card data from Bloomberg that will give you near accurate information on revenue. For earnings, you can pay to see if a company will meet expectations and trade off that information. If you work for the company, it’s insider trading. If you work for the credit card companies and get the same info and trade on it, it is also insider trading.

Maybe we should make insider trading, trading off information that isn’t public.