One options trader is making even the most bullish Wall Street analysts look cautious, placing a huge bet on the S&P 500 Index shooting up more than 30% by the end of next year.
The trader spent $20.9 million in premium Tuesday afternoon on call options wagering on the gauge’s rally above 9,000 by December 2026. That kind of rally would dwarf this year’s 17% gain so far, with the S&P 500 around 6,900 ahead a plethora of technology earnings and a Federal Reserve interest-rate decision.
The transaction was “a large trade even by SPX standards,”
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