Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
4 seconds before the close, one super-bullish algorithm exuberantly bought a massive $200 million worth of the S&P 500 ETF up to a 2,130 level on the index in one second… and no – it was not a fat finger!! It was 1,147 trades! Now who do we know that is an ‘expert’ in ETF trading?
With 4 seconds to go in today’s “market” day-session, this happened…
Source: NanexLLC
$SPY ex-div tomorrow – did it play a role? Will they bust those trades before options close. tick.tick.tick.
— Eric Scott Hunsader (@nanexllc) December 18, 2014
Each dot is a stock trade. Notice the $SPY column of trades all the way up 3% pic.twitter.com/NbmJfTibJv
— Eric Scott Hunsader (@nanexllc) December 18, 2014
$SPY spike wasn’t 1 trade. Or 10, or 100. It was 1,147 trades (610K shares): pic.twitter.com/WpNQsnVJyh
— Eric Scott Hunsader (@nanexllc) December 18, 2014
There’s only one man “expert” enouigh to handle a job like that… From his profile (link):
But have no fear… those trades will be DK’d asap…
- *NASDAQ ISSUES E-MAILED STATEMENT ON ‘SPY’ TRADES
- *POTENTIALLY ERRONEOUS `SPY’ TRANSACTIONS BEING PROBED
- *TRANSACTIONS WERE EXECUTED BETWEEN 15:59:00-16:00:00 ET