Someone Decided To Buy $1 Billion eMinis In 1 Second At The All Time High

Tyler Durden's picture


Someone decided that 1436ET was the perfect time to buy $1bn worth of S&P 500 futures (10k contracts) in 1 second (and $1.8 billion in that minute)... this flush of volume is the largest minute of the day and lifted all equity indices and ETFs in one magical move. As a result of the order, bonds rallied even as and VIX is higher on the day.




10k contracts in 1 second and 18.6k contracts in that minute...


and Bonds rallied...


Charts: Bloomberg

Your rating: None

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Thu, 05/29/2014 - 14:51 | 4806769 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

That's the spirit!

We have exceptional markets...

Thu, 05/29/2014 - 14:55 | 4806805 Relentless101
Relentless101's picture

Markets are high and freedom is low. Sounds awefully socialist if you ask me.

Thu, 05/29/2014 - 14:57 | 4806809 Troll Magnet
Troll Magnet's picture

I'm high, too!

Thu, 05/29/2014 - 15:02 | 4806832 Headbanger
Headbanger's picture

And I'm drinking Tullamore Dew!


I kid you not!

Gooood Irish..

Thu, 05/29/2014 - 15:02 | 4806839 Say What Again
Say What Again's picture

You know that we had a $3 Billion POMO today

Thu, 05/29/2014 - 15:04 | 4806856 DoChenRollingBearing
DoChenRollingBearing's picture



Naaah!  There is NO manipulation going on here!

Please stop all this tinfoil hat stuff!




Thu, 05/29/2014 - 15:06 | 4806862 max2205
max2205's picture

Who sold them to them?    Oh wait.....

Thu, 05/29/2014 - 15:30 | 4806987 Say What Again
Say What Again's picture

Does this qualify as "Momentum Ignition"

Thu, 05/29/2014 - 15:47 | 4807047 ilion
ilion's picture

This market is so fucked up. My only hope is the gold bars I have in my basement.

Thu, 05/29/2014 - 16:33 | 4807224 0b1knob
0b1knob's picture

There are two sides to every trade.  If somebody bought 1 million contracts then somebody else sold (short?) 1 million contracts.

Time will tell who is smart one in the trade.

Thu, 05/29/2014 - 16:47 | 4807303 gh0atrider
gh0atrider's picture

The SEC does not find any conflict of interest regarding this trade as we have naturalized HFT bots in the United States.

Thu, 05/29/2014 - 16:52 | 4807330 rocker
rocker's picture

That leaves the Fed with a few more billions to spend this month, right ?   LOL

Thu, 05/29/2014 - 18:56 | 4807764 BuddyEffed
BuddyEffed's picture

I'd gander that the Belgium consortium and it's partners are buying just about everything that needs some splaining. 

Thu, 05/29/2014 - 20:56 | 4808122 SAT 800
SAT 800's picture

Generally speaking with a chart like that it would be existing shorts that did the buying; in the form of stop losses, which are execut ed as market orders when triggered, and locals and smart money that did the selling; so I would expect that the sellers will be taking profits at lower prices within two or three days  replying to ob1knob

Thu, 05/29/2014 - 15:07 | 4806870 BC6
BC6's picture

Pretty soon we're talking about billions ... oh, wait.

Thu, 05/29/2014 - 16:13 | 4807135 mt paul
mt paul's picture

these are not  the E-minis 

you are looking for....

Thu, 05/29/2014 - 20:57 | 4808128 SAT 800
SAT 800's picture

Actually they are the E-minis I'm looking for; cause I'm 4,000$ out of the money on my shorts; and I think this means we're going to have some kind of move down in the next few days.

Thu, 05/29/2014 - 15:05 | 4806858 Headbanger
Headbanger's picture

Then cheers!

BTW:  It's Tullamore D.E.W.

Thu, 05/29/2014 - 15:13 | 4806899 ebworthen
ebworthen's picture

Janet trying out her new keyboard.

Ben probably gave her a tutorial.

"Left index finger on 'Ctrl' and right index finger on 'P', with conviction now Janet."

Who says they can't print money by buying equities? 

Hell, they probably buy and sell paper Gold all day.

Thu, 05/29/2014 - 15:02 | 4806840 NotApplicable
NotApplicable's picture


Thu, 05/29/2014 - 16:33 | 4807229 Larry Dallas
Larry Dallas's picture

Its actually Protestant Whiskey. Many a bar arguement over that one.

Thu, 05/29/2014 - 14:57 | 4806815 StacksOnStacks
StacksOnStacks's picture

The Markets are so high, clouds are jealous!

The Markets are so high, Snoop (Dogg) Lion is jealous!

Thu, 05/29/2014 - 15:11 | 4806889 CheapBastard
CheapBastard's picture

"Yes we can!"

Thu, 05/29/2014 - 15:13 | 4806901 ...out of space
...out of space's picture


frontruning the 3,30 ramp

no wounder i cant BTFD 

Thu, 05/29/2014 - 19:53 | 4807939 SAT 800
SAT 800's picture

Well, see that just goes to show you; it's a free market; right ? right. Someguy who's been saving up his lunch money just decided to buy this thing; but that's his freedom, right? what could go wrong ?

Thu, 05/29/2014 - 14:52 | 4806771 alien-IQ
alien-IQ's picture

well gee guys, isn't that how capitalism is supposed to work?

Thu, 05/29/2014 - 14:55 | 4806775 buzzsaw99
buzzsaw99's picture

it was me and my scottrade account

sorry about the fat finger

Thu, 05/29/2014 - 15:03 | 4806853 McMolotov
McMolotov's picture


Buy the fucking Directive 3025.18

Thu, 05/29/2014 - 16:42 | 4807276 SoberOne
SoberOne's picture

You didn't build that!

Thu, 05/29/2014 - 14:52 | 4806780 PeterLemonJello
PeterLemonJello's picture

Sorry about that....I had to spend my whole paycheck for the week.

Thu, 05/29/2014 - 14:52 | 4806781 Kaiser Sousa
Kaiser Sousa's picture

i saw it when it happened...

same shit with the fucking Dow...

fucking farcical...

meanwhile, after driving the phony paper price of Silver below $19, it hangs at the nice and neat $18.99 after the Crimex close...

Thu, 05/29/2014 - 14:53 | 4806789 Godisanhftbot
Godisanhftbot's picture

 you saw it? you must be a real pro!

Thu, 05/29/2014 - 14:54 | 4806795 Aknownymouse
Aknownymouse's picture

Is the Crimex the official Crimea stock exchange?

Thu, 05/29/2014 - 15:15 | 4806910 Bernoulli
Bernoulli's picture

Gotta love that shit. Gonna go straight to the dealer tomorrow and buy 10 more kilos.

Thank you FED.

Thu, 05/29/2014 - 14:53 | 4806786 i_call_you_my_base
i_call_you_my_base's picture


Thu, 05/29/2014 - 15:04 | 4806855 alien-IQ
alien-IQ's picture


Thu, 05/29/2014 - 15:10 | 4806885 Headbanger
Headbanger's picture


Thu, 05/29/2014 - 19:47 | 4807916 Redneck Hippy
Redneck Hippy's picture

If it's fixed, that must mean it's no longer broken.

Thu, 05/29/2014 - 14:53 | 4806787 Godisanhftbot
Godisanhftbot's picture

i say, not much of a move considering.  must have been a big seller lurking. maybe tepper coming back for more pain

Thu, 05/29/2014 - 14:55 | 4806803 Kaiser Sousa
Kaiser Sousa's picture

glad u got it all figured out...

u must be a pro or something...

i'd go with "something"...

Thu, 05/29/2014 - 14:55 | 4806788 Aknownymouse
Aknownymouse's picture

Good thing no one decided to sell to them in that same time frame. O. Wait

Thu, 05/29/2014 - 14:54 | 4806790 Bunga Bunga
Bunga Bunga's picture

Something bis is coming.

Thu, 05/29/2014 - 15:15 | 4806911 Headbanger
Headbanger's picture

Sum Ting Wong

Wi Tu Hi

Sofa King Wi Todd Ed

Thu, 05/29/2014 - 14:54 | 4806793 101 years and c...
101 years and counting's picture

must beat gold's all time high of 1918.  spare no expense.  

-Fed Chairpig Yellen

Thu, 05/29/2014 - 14:54 | 4806796 Conax
Conax's picture

Now, now, they were just spending the dough they got from selling all those gold contracts this morning. At the bottom.  Perfectly understandable if you are a 'market maker'.

Thu, 05/29/2014 - 19:47 | 4807920 Redneck Hippy
Redneck Hippy's picture

Gartman rides again.

Thu, 05/29/2014 - 14:55 | 4806802 pound the vix
pound the vix's picture

If S&P continues to go up, great trade.  If S&P goes down, Goldman will reverse it.

Thu, 05/29/2014 - 15:04 | 4806857 disabledvet
disabledvet's picture

Goldman? They're just a partnership.

If the S&P gets hammered a thousand points tomorrow everyone there will simply abandon ship. The only thing those clowns are good for is a trillion dollar liability.

The irony is that we have tons of capital available...hundreds of billions actually. The misallocation over the past 6 years has been truly extraordinary.

"More than sufficient to blow up the State of New York."

Thu, 05/29/2014 - 14:57 | 4806810 pound the vix
pound the vix's picture

I guess the Personal income and Spending reports to be issued at "8:30" tomorrow were released early

Thu, 05/29/2014 - 14:57 | 4806813 SloMoe
SloMoe's picture

Must. Make. My. Bonus. Using. Your. Money. Now.

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