With regards to PG&E, stock and bond prices falling, in the follow the money questioning:
What options plays would be beneficial if you had pre-knowledge of CA wildfires?
Buy Put, Sell Put, Buy Call, Sell Call, are the four options strategies used by options traders.
If you Buy a Put, you are betting the stock price, or other product, will go down in value.
If you have foreknowledge that underlying prices will fall, you can Buy a Put, guarenteeing a win.
We need Optionsfag who can dig checking options history for PG&E underlyings price movements to see if naked puts were place before the fires.
Ep 3.1- Intro to Options Mechanics | Step Up to Options
https://www.youtube.com/watch?v=DdXqSq0Y90o @2:50 Put Mechanics