Rep. Marjorie Taylor Greene, an avid supporter of the Trump administration's trade policies, not only bought stocks last week as others dumped them in a panic " she scooped up some of the biggest losers.
What did Marjorie Taylor Greene know about the tariff announcements and what stock trades did she make? We need answers.
-- Robert Garcia (@robertgarcia.bsky.social) April 10, 2025 at 2:27 PM
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Stated differently ...
Well-timed options trades ahead of Trump's tariff pause draw questions
www.reuters.com
... In the minutes before President Donald Trump's social media post on Wednesday pausing tariffs sent the U.S. stock market rallying, some unidentified options traders placed bets worth millions of dollars that the market would rebound, data shows. ...
... and ...
Trades Before Trump Tariff Post Draw Scrutiny
www.wsj.com
... Market watchers have been scrutinizing some extremely well-timed options trades just ahead of President Trump's rally-sparking tariff announcement on Wednesday.
Shortly after 1 pm ET on Wednesday, volume spiked in bullish call options on State Street's popular SPDR S&P 500 ETF Trust, the index-tracking fund better known by its ticker SPY. The surge in activity took place in options that would pay off if SPY's price rose above $509 that day. At 1:06 pm, for instance, an unknown buyer spent about $21,000 to purchase 101 of the contracts, according to derivatives-data firm SpotGamma.
At 1:10 p.m., SPY was trading at about $501"so it would have taken a jump of more than 1.5% for those options contracts to deliver a payday. The trades were in so-called zero-day-to-expiry options, meaning they would have expired worthless within a few hours if markets had dropped.
Instead, at 1:18 p.m. ET, Trump announced in a Truth Social post that he was pausing many of his steepest tariffs for 90 days. The post set off a monster rally: the S&P 500 closed 9.5% higher on Wednesday, one of its biggest one-day jumps in history.
The price of the SPY options surged more than 10-fold. For instance, one changed hands for around $214 at 1:10 p.m. By the end of the trading session, its price had skyrocketed to roughly $3,458, according to Cboe Global Markets data.
Speculation erupted online that the buyers were people with inside knowledge about Trump's tariff move.
"Insane, someone knew," tweeted the X account for data provider Unusual Whales, which was first to draw broad attention to them. ....
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