FT: $580M oil options trade occurred just before Trump's Iran post

A massive $580 million options trade occurred in the oil market just before U.S. President Donald Trump posted on social media suggesting possible negotiations with Iran, the Financial Times (FT) reported. Just prior to Trump's post, 6,200 contracts related to Brent and West Texas Intermediate (WTI) crude were traded, while S&P 500 futures with a notional value of $1.5 billion were also executed at the same time. The FT noted that the market is focused on the timing of the large capital movement, which coincided precisely with the president's official statement, raising suspicions of a potential information leak or preemptive action. After Trump's post, oil prices saw sharp volatility, and the traders who bet on the oil-related options could have made over $100 million in profit in about 20 minutes, the outlet explained.