This is unusual.
At a PRIVATE JPMorgan, $JPM conference with US Treasury Secretary Scott Bessent, Bessent talked about US and China, calling situation "unsustainable" on April 22nd.
The market rallied huge on the comments.
But did someone at the conference know?
Before the comments that were leaked to Bloomberg, a huge $SPXW 5800C expiring 5/16/2025 was placed unusually. It was 11% out of the money. Truly unusual.
The trader then made $2 million in 30 minutes after the comments.
These types of trades have been happening with increasing frequency.

From X
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