`` After the [Solemani] attack was announced, the S&P 500 index dropped to 3206, a drop of around 50 points. A 50-point drop in the index generates a profit of $2,500 per contract, assuming those contracts were sold short, which in this case they were. 76,000 contracts sold short, at a gain of around $2,500 per contract, equals some $190 million in profit--on paper anyway--for whomever, or group of whomevers, was clever enough or lucky enough or informed enough about the impending bombshell news out of the Pentagon that the important Iranian leader had been killed. "Did someone or a group foresee the execution of top general of Iran?" an E-mini trader wondered in an email sent to me the other day. "...When volume goes from 1,000 every 10 minutes and jumps to as high as almost 17,000 in 10 minutes, something is going on.''

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