This is absolutely insane:
By 2:10 PM ET today, the S&P 500, $SPY, $675 strike calls had fallen to a low of $0.02 per contract, effectively worthless.
Then, at 3:20 PM ET, President Trump said the Iran war is "very complete," sending the S&P 500 soaring.
By 3:30 PM ET, 10 minutes later, these same calls were trading at $4.95 per contract, up +24,650%.
In other words, $1,000 invested in these calls at 2:10 PM ET was worth $247,500 just 80 minutes later.
We are witnessing historic volatility.
A kitten sacrificed itself to save its sleeping owner from a house fire by scratching him awake
Donald VanWormer tried to grab Fred while rushing for the door but lost him when the ceiling collapsed
@BetterCallMedhi Vraiment l'un des politiques ou je le croise dans la rue ça se pose très sérieusement la question de lui en coller une et on verra après pour les sanctions qui détruisons ma vie...