Trader Spent $50 Million on Options Betting on S&P 500 Rally

Bloomberg2021-09-23

(Bloomberg) -- One trader just took on a massive bet that U.S. stocks will rally into the end of 2021. The flurry of trades with the SPDR S&P 500 ETF Trust (SPY) -- which took place between 10:34 a.m....

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Comments

LucasBbFund
2021-09-23
LucasBbFund
Wow hoot big. Like pls
- evauoz:
  buy?
- ys2:
  ??
geewee
2021-09-23
geewee
Wow ?
- LucasBbFund:
  exciting
BBBBBBBBBB
2021-09-23
BBBBBBBBBB
Ok
- Shindokai:
  Whats that?
- yougenie:
  .
khe
2021-09-23
khe
Like and comment pls
- NCM:
  Ok
- Pltretard:
  Done

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The total cost was about $50 million. Should all the contracts be in the money by their respective expiration dates, they would be worth $136 million -- for a profit of roughly 70%, according to an estimate from Chris Murphy, co-head of derivatives strategy at Susquehanna.\n“These trades all share very similar footprint,” said Murphy. “It could be someone who is underweight equities and says, ‘if this thing explodes to the upside by the end of the year, then I’m going to be in trouble. So why don’t I put on a couple of these call spreads just to cover myself?’ That’s one situation. Or it could be someone who’s bullish getting more bullish.”\nThe transactions occurred right before the Federal Reserve’s policy decision. The S&P 500 climbed about 1% Wednesday, snapping a four-day decline, as concerns about China Evergrande Group’s debt woes eased. 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Like pls","listText":"Wow hoot big. Like pls","text":"Wow hoot big. 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","text":"Whats that? ","html":"Whats that? "},{"id":5967941,"gmtCreate":1632369285577,"gmtModify":1663234314936,"authorId":3552143937181849,"author":{"id":3552143937181849,"authorId":3552143937181849,"name":"yougenie","avatar":"https://community-static.tradeup.com/news/fe5106e469d66d019c1665e6ce8394fb","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":863174758,"type":1,"supId":0,"prevId":0,"content":".","text":".","html":"."}],"langContent":"EN"},{"id":863173848,"gmtCreate":1632368368084,"gmtModify":1676530765264,"author":{"id":"3581005833050650","authorId":"3581005833050650","authorIdStr":"3581005833050650","name":"khe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581005833050650"},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/863173848","repostId":1132079391,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5967860,"gmtCreate":1632368707657,"gmtModify":1663234317549,"authorId":3567832114052050,"author":{"id":3567832114052050,"authorId":3567832114052050,"name":"NCM","avatar":"https://static.tigerbbs.com/bd72c39fd9a998a91f641828e572613e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":863173848,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":5968088,"gmtCreate":1632370295360,"gmtModify":1663234314545,"authorId":3575710348995261,"author":{"id":3575710348995261,"authorId":3575710348995261,"name":"Pltretard","avatar":"https://static.tigerbbs.com/20d7e9e6ca27ec0b458dcd81b8f9909f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":863173848,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":133,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1132079391"}