“Oil Bets Worth $580M” - MASSIVE Trades Hit BIG Minutes Before Trump's Iran Announcement
Episode Stats
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Summary
$580M oil bet just before Trump's announcement. Within seconds before Trump s ceasefire post, traders placed extraordinary large oil future bets, roughly 5,100 contracts on Brent WTI crude oil, worth well over $500 million. Some reports cite 6,200 contracts at 580 in that minute, immediately after Trump announced that.
Transcript
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$580 million oil bet just before Trump's announcement.
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traders placed extraordinary large oil future bets,
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roughly 5,100 contracts on Brent WTI crude oil.
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13 million barrels were traded between 1049 to 1050 GMT,
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In that minute, immediately after Trump announced that 1105 GMT,
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which is like 15 minutes later, 13,000 plus contracts, 13 million barrels, exchange hands in one minute.
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Oil prices plunged on the news. Brent crude oil fell 15 percent from 112 to 99 and WTI fell from 99 to 86.
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By comparison, before the war, Brent traded at 300,000 contracts a day.
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Recently, daily volume have jumped to a thousand contracts a day.
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I hate it. I absolutely hate this. Because the average American, the average investor has no access to this. Who knew what the president was going to say? A circle of people in Washington, D.C., they know what the president's going to say. And these contracts are going out and basically after hour tradings that some people don't even have access to. And they put this out here. You know, this is why we need the insider trading rules that they won't pass.
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You know, I look at this and I come to this. I've said it before. It's like we don't need term limits. We need jail.
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It's like it's like if you're there's the old joke, if a senator is elected, what should he get?
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And then the answer is 24 to 36. Right. If you were elected, this this this disgusts me, Pat.
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Somebody made a bundle of money knowing what the president was going to say.
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a person or a group of people, this is horrible.
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And, you know, the increase in the amount of contracts
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Yeah, I think it's a lot of people, Tom, that made money on it.
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It's not fair to folks like us who want to try and make investments
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Yeah, I mean, even 9-11, the same thing happened.
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Constantly when government contracts are getting given out from Google or Amazon,
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So, I mean, there's just layers and layers and layers of unfair advantage
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for the bigger investors or people in Congress.
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They do the payment for order flow thing where they could see a big line of retail investors
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come in trying to invest in something, and then they could cut the line
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So, yeah, there's a whole lot of nasty stuff with the way that stocks are investing as a structure against the average person.
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Let's remember, it kind of got swept under the rug, but you had three Fed members resign.
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You had Rosengren, Kaplan, and it may have been clouded.
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I don't want to speak incorrectly, but I know Rosengren and Kaplan both resigned because there was questionable trading that they had.
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Yeah, they were the ones deploying those bonds.
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Yeah, yeah, Boston Fed President Rosengren and Dallas Fed President Kaplan,
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