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A trader just bet $69m the S&P 500 will rally the rest of the year – The Australian Financial Review

Should all the contracts be in the money by their respective expiration dates, they would make a profit of roughly 70 per cent….

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One trader just took on a huge bet that US stocks will rally into the end of this year.
The flurry of trades with the SPDR S&P 500 ETF Trust (SPY) which took place between 10.34am and 10.41am New York time on Wednesday involved call spreads maturing in…

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