In the last 10 minutes of trading on Friday, August 23, as the markets
were roiling in the face of more bad trade news, someone bought 386,000
September e-minis. Three days later, Trump lied
about getting a call from China to restart the trade talks, and the
S&P 500 index shot up nearly 80 points. The potential profit on the
trade was more than $1.5 billion.
Publisher: Vanity Fair | Author: William D Cohan