Joined Nov 11, 2007
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Was the $JPM News Leaked? 13,800 May $41 Puts Traded Ahead of the News

Someone bet big time against JPM today, with over 13,000 put contracts traded in the May 41’s (WEEKLIES), 10,000 contracts more than any call contract. Suspicious to say the least. If the news was leaked, this would help shed light as to why the market sold off hard during the final hour of trade and was weak all day, despite robust trading in Europe.

UPDATE: That trade just returned 10x overnight.

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    hahah if we have to ask then you know the answer. probably why we got a bs rally today too…got to unload b4 the bombshell.

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