Trader Buys Massive Amount of U.S. Stock Call Options Hours Before Ceasefire, Netting $23 Million in a Single Day
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On the morning of April 7 ET, a mysterious trader spent $12 million to buy 6,800 S&P 500 call options, betting on a 400-point rally in the index within the month. At the time, there was no positive news in the market, and Trump had even set a deadline for military action. Following the announcement of a ceasefire agreement, the S&P 500 surged 2.5% on Wednesday. The option premium soared from 17.65 points to 50 points, with the market value reaching $35 million, resulting in a single-day paper profit of approximately $23 million
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