#TariffsPause
Yesterday on Wall Street.. $1,000 turned into profits of $1.4 million in hours after Trump announced the suspension of tariffs 🔥🔥
How did that happen?
Wall Street witnessed a historic deal yesterday, Wednesday, that benefited some investors, but it was fraught with high risks.
The deal was related to options contracts on an exchange-traded fund that tracks the S&P 500 index, known as SPY.
The contracts in question, which are options contracts with specific terms, are considered high-risk, especially since the contract expires at the end of the trading session itself.
Due to this constraint, these contracts were offered at a price not exceeding one cent only.
However, following the strong gains recorded by the S&P 500 index after U.S. President Donald Trump announced the suspension of tariffs for 90 days, the price of the contract jumped from one cent to $14.58 in just four hours.
This means that if someone had invested $1,000 in this contract, they would have made $1.458 million by the end of trading!
In Arabic, it's akin to a roulette game in a gambling casino!