QUESTION:
“Who made $1.8 Billion in 1 day?”
On June 28 of this year, a single trader made a financial markets purchase that resulted in a net profit of....$1.8 Billion.
How & who did this?
A thread.
“Who made $1.8 Billion in 1 day?”
On June 28 of this year, a single trader made a financial markets purchase that resulted in a net profit of....$1.8 Billion.
How & who did this?
A thread.
2/
On June 28 a curious financial transaction place.
On a quiet Friday afternoon during last 30 minutes of trading before brokers fled the city for weekend an incredibly large purchase was made - a purchase so large it represented 40% of the entire day’s trading in the product.
On June 28 a curious financial transaction place.
On a quiet Friday afternoon during last 30 minutes of trading before brokers fled the city for weekend an incredibly large purchase was made - a purchase so large it represented 40% of the entire day’s trading in the product.
3/
The product purchased were “September e-minis” - briefly this product is betting on “futures” of the US S&P stock market.
The specific time but more importantly the size, dates & returns are what make this trade so important.
Nobody in the world was making a similar trade.
The product purchased were “September e-minis” - briefly this product is betting on “futures” of the US S&P stock market.
The specific time but more importantly the size, dates & returns are what make this trade so important.
Nobody in the world was making a similar trade.
4/
The single trade was 420 000 September e-minis futures. A trade that seemed strange given the lacklustre stock market with US & China mired in a trade war.
But then the next day - Saturday - something happened which made this transaction one of the greatest in world history.
The single trade was 420 000 September e-minis futures. A trade that seemed strange given the lacklustre stock market with US & China mired in a trade war.
But then the next day - Saturday - something happened which made this transaction one of the greatest in world history.
5/
Against all expectations, just hours after the Chicago mercantile exchange closed, Donald Trump left a one hour meeting with President Xi of China to announce to the cameras trade talks were “back on track”.
The S & P 500 surged.
Against all expectations, just hours after the Chicago mercantile exchange closed, Donald Trump left a one hour meeting with President Xi of China to announce to the cameras trade talks were “back on track”.
The S & P 500 surged.
6/
So maybe someone got lucky.
Except. It’s been happening an increasing number of times. Particularly during the last 3 years. Implausiblely large trades, specifically date tied with a massive quick pay-off ties to a specific political occurrence.
So maybe someone got lucky.
Except. It’s been happening an increasing number of times. Particularly during the last 3 years. Implausiblely large trades, specifically date tied with a massive quick pay-off ties to a specific political occurrence.
7/
But of all these strange transactions one stands out in particular - one so strange that it defies normal market analysis
And that is the transaction - which *only* yielded $1.5 Billion profit - on August 23....
But of all these strange transactions one stands out in particular - one so strange that it defies normal market analysis
And that is the transaction - which *only* yielded $1.5 Billion profit - on August 23....
8/
Again on a Friday - in the sleepy last 10 minutes of trading on August 23 - someone bought a staggering 386 000 Sept e-minis.
3 days later the S & P index shot up making a $1.5 Bn net profit.
Now what happened on August 26?
Again on a Friday - in the sleepy last 10 minutes of trading on August 23 - someone bought a staggering 386 000 Sept e-minis.
3 days later the S & P index shot up making a $1.5 Bn net profit.
Now what happened on August 26?
9/
On August 26 President Trump lied about receiving a “phone call from China to restart trade talks”.
Now who could possibly know in advance when someone else was going to lie about a specific issue?
On August 26 President Trump lied about receiving a “phone call from China to restart trade talks”.
Now who could possibly know in advance when someone else was going to lie about a specific issue?
10/
Maybe there’s an innocent explanation for all this.
The problem is we’ll never know until there’s financial transparency. That’s the point.
So the question you should be asking is:
Do you trust Donald Trump & his family not to profit from self made market volatility?
Maybe there’s an innocent explanation for all this.
The problem is we’ll never know until there’s financial transparency. That’s the point.
So the question you should be asking is:
Do you trust Donald Trump & his family not to profit from self made market volatility?
