WOW!
As long as the index doesn’t drop more than 22 percent from its current level of 2,582 by that date, the bet will earn the trader roughly $175 million in premiums.
I can’t even imagine
Well, it’s not the last we’ve heard about this. Key date is a ways away, Dec 2020.
Another crazy quote:
For example, if the S&P 500 loses 34 percent of its value by Dec. 18, 2020, the trader will rack up a loss of about $558 million, according to a Refinitiv analysis.