Trader Bets $21M on S&P 500 Rally to 9,000 Points
A trader has placed a $20.9 million premium bet on the S&P 500, targeting a 30% rally to 9,000 points despite the index currently hovering around 6,900. The trade, flagged by Susquehanna International Group's Christopher Jacobson, stands out for its sheer size and strategic positioning.
The structure suggests limited-risk exposure to a significant upward MOVE or increased volatility over the next year. With US stock options pricing relatively cheap amid unusually low market volatility, the timing coincides with impending tech earnings and Federal Reserve decisions.