BREAKING: Traders placed $580 million worth of oil trades 15 minutes prior to President Trump’s post about a potential peace deal with Iran this morning, per FT.
Details include:
1. 6,200 Brent and WTI futures contracts were traded between 6:49 AM ET and 6:50 AM ET today
2. $1.5 billion in notional value worth of S&P 500 futures were traded at the same exact time
3. It is not known whether one entity or several entities were behind these trades
These trades likely generated over $100 million worth of profit in ~20 minutes.
Mike