Worse mistake 🐑 make is think everyone else makes their decisions the sam way they do 👿…Sophisticated traders & funds capable of taking this trade are notoriously good at hedging risk which means its not likely this was the only play made in this trade this story = 🐑 food 😈

A trader sold 19,000 puts on the S&P 500. As long as the index doesn't fall more than 22%, then the trader will make $175 million in premiums. But if the S&P 500 falls 34%, then the trader will lose $558 million. https://t.co/cY2EHJoCoP

— Eddy Elfenbein (@EddyElfenbein) January 14, 2019