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Trader Makes $23 Million In One Day With Massive S&P Call Purchase Hours Before Ceasefire
Trader Makes $23 Million In One Day With Massive S&P Call Purchase Hours Before Ceasefire
A trader who made a large bet on a stocks rocketing in the coming weeks is up about $23 million in paper profit today, according to Bloomberg.
The unknown trader spent $12 million premium on 6800 lots of 6950 S&P 500 Index Options (SPX) calls for May 8 expiry, when the index was at 6556.21; the trade was executed around 10:20 a.m. Eastern on Tuesday, just hours before Trump's announcement of a 2-week ceasefire which sent...
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