Trader Makes $23 Million Profit on S&P Call Options Before Ceasefire

A trader reportedly made approximately $23 million in paper profit in a single day by purchasing a massive S&P call option just hours before a ceasefire announcement, leading to a significant market rally.

8 Apr, 18:00 — 8 Apr, 18:00

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zerohedgeLow11h ago

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 o...

By Tyler Durden

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Trader Makes $23 Million Profit on S&P Call Options Before Ceasefire

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Trader Makes $23 Million In One Day With Massive S&P Call Purchase Hours Before Ceasefire

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