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Mystery S&P Put Buyer Makes $31 Million Profit In 24 Hours, Covers Half Of Position
Yesterday we reported that a mystery trader, who was expecting a sharp drop in the market over the next 6 weeks, bought 16,000 January 2,980 S&P puts, spending $32 million to protect against a 4.5% drop in the index at 9:44am on Monday morning, about 15 minutes before the latest dismal Manufacturing ISM sent stocks tumbling.
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https://www.zerohedge.com/markets/myster...f-position
Yesterday we reported that a mystery trader, who was expecting a sharp drop in the market over the next 6 weeks, bought 16,000 January 2,980 S&P puts, spending $32 million to protect against a 4.5% drop in the index at 9:44am on Monday morning, about 15 minutes before the latest dismal Manufacturing ISM sent stocks tumbling.
...
https://www.zerohedge.com/markets/myster...f-position
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