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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

 

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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!

 

 


/s

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

Bullish!

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

cheater!!

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

BTFD3025.18

Buy the fucking Directive 3025.18

Thu, 05/29/2014 - 16:42 | 4807276 linniepar
linniepar'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

Rigged.

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

Fixed

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

FRIGGED !!

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.

Thu, 05/29/2014 - 15:13 | 4806868 SloMoe
SloMoe's picture

Mammoth squeeze. Look at the recent moves of FB, PCLN, NFLX, AAPL, TWTR, LNKD, etc. Someone(s) blew up...

Thu, 05/29/2014 - 14:59 | 4806820 HaroldWang
HaroldWang's picture

What's scary is it can just as quickly go the other way once the greater fools buy the $1B flipped at a slightly higher price.

Thu, 05/29/2014 - 15:00 | 4806830 orangegeek
orangegeek's picture

Current volume with an hour to go is about 50% of the 20 period MA for volume.

 

Final 15 minutes for more all time highs - wake those buyers up.

 

POMO for June tomorrow. 

Thu, 05/29/2014 - 15:01 | 4806833 jpc578
jpc578's picture

BTFATH

Thu, 05/29/2014 - 15:02 | 4806836 pound the vix
pound the vix's picture

someone knows something????

Thu, 05/29/2014 - 15:05 | 4806863 disabledvet
disabledvet's picture

no one knows anything!

Thu, 05/29/2014 - 15:23 | 4806952 ShrNfr
ShrNfr's picture

But if no one knows anything, how do you know he doesn't know?

Thu, 05/29/2014 - 15:02 | 4806837 Last of the Mid...
Last of the Middle Class's picture

GDP going negative is no big deal after all "someone" is now the entire market and economy. Put your head between your knees, we're riding this centrally planned rocket all the way to total core meltdown.

Thu, 05/29/2014 - 15:02 | 4806841 NaiLib
NaiLib's picture

And someone just got "had" and had to pay the price set by the price fixers....

Thu, 05/29/2014 - 15:02 | 4806843 FieldingMellish
FieldingMellish's picture

Belgians.

Thu, 05/29/2014 - 16:16 | 4807153 mt paul
mt paul's picture

it doesn't

melt in your mouth

it melts up ..

Thu, 05/29/2014 - 15:30 | 4806848 buzzsaw99
buzzsaw99's picture

<-- Rochdale Securities (back from the grave)

<-- Knight Capital algo gone wild (redux)

Thu, 05/29/2014 - 15:03 | 4806849 Young Gilga
Young Gilga's picture

The correction won't come until the World Cup starts: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1624822

Thu, 05/29/2014 - 15:06 | 4806864 Godisanhftbot
Godisanhftbot's picture

 this mkt is torturous at best.

 

Thu, 05/29/2014 - 15:07 | 4806872 Dr. Venkman
Dr. Venkman's picture

Wait until that buyer realizes the the Q1 Rev. GDP print was negative. Boy will that buyer feel silly.

Thu, 05/29/2014 - 15:07 | 4806875 ziggy59
ziggy59's picture

Its also next to last trading day in month...

Thu, 05/29/2014 - 16:24 | 4807187 Dimons jock
Dimons jock's picture

I hope they run the fucking thing up like "shock & awe" type shit tomorrow hard & relentless because you know Monday would be a total abortion ... they never read my script, lol ...

Thu, 05/29/2014 - 15:09 | 4806878 SheepDog-One
SheepDog-One's picture

My parents are all-in this shit circus, I imagine their retirement will likely involve my spare bedroom.

Thu, 05/29/2014 - 15:50 | 4807055 Greenskeeper_Carl
Greenskeeper_Carl's picture

I hear you. Mine are too. My dad did cash in some all time high stawks and pay off their house, so at least they are free and clear on that. He did tell me he bought some silver....in the form of SLV. Could have bought a monster box of eagles or buffaloes or whatever, but "where am I going to keep that". I tried, and got him about half way there.

Thu, 05/29/2014 - 15:09 | 4806882 Last of the Mid...
Last of the Middle Class's picture

Soon the oligarchs will partner with the NSA and just charge shit to your credit or debit card randomly with a note that this is your part you must pay to support the GDP. Hell, google can tell them what you like by your browsing history. Sounds like a neat solution to me, if it hasn't already been tried.

 

Thu, 05/29/2014 - 15:12 | 4806890 HUGE_Gamma
HUGE_Gamma's picture

1915 is a lifetime buying opportunity.. no need to average in.. just go all in

Thu, 05/29/2014 - 15:17 | 4806926 TheRideNeverEnds
TheRideNeverEnds's picture

Exactly, people are poo pooing buying em here but at 2000 in a couple months they will wish they had.

Thu, 05/29/2014 - 15:22 | 4806945 TheRideNeverEnds
TheRideNeverEnds's picture

Exactly, people are poo pooing buying em here but at 2000 in a couple months they will wish they had.

Thu, 05/29/2014 - 15:27 | 4806971 FieldingMellish
FieldingMellish's picture

Couple months? Next week.

Thu, 05/29/2014 - 15:12 | 4806897 Last of the Mid...
Last of the Middle Class's picture

just ran granny off here, been sitting on the couch for 4 weeks changing the channel every 30 seconds 14 hours a day. Thought I was going to have to get the AR and wing her on the way out to make sure she didn't come back.;)

Thu, 05/29/2014 - 15:35 | 4806920 HUGE_Gamma
HUGE_Gamma's picture

could be a massive bear throwing in the towel

Thu, 05/29/2014 - 15:25 | 4806959 John McCloy
John McCloy's picture

  They know the cat's out of the bag now so they simply don't care. Big banks will not sell their stock...they and the Fed along with global central banks will keep buying stocks and bonds and they overshot their hand as evidenced by the yield on the bond market while the stock market continues to scream higher..law of diminishing returns however has to catch up...

Any more shorts left to squeeze after half a decade of ass rapes? Comical to watch all this.

Fri, 05/30/2014 - 06:18 | 4808841 AdvancingTime
AdvancingTime's picture

Comical or sad?

Thu, 05/29/2014 - 15:26 | 4806965 nosoeawe
nosoeawe's picture

blame it on the belgiums

Thu, 05/29/2014 - 15:27 | 4806975 yogibear
yogibear's picture

The Federal Reserve sucks up everything to protect Wall Street.

Except the US dollar. When it's crashing they'll say they never saw it coming. 

US dollar distruction by design.

Then it's off to the IMF SDRs.

Fri, 05/30/2014 - 06:15 | 4808839 AdvancingTime
AdvancingTime's picture

Some people have been calling for a "world currency" for years. the saying "one should never let a good crisis go to waste" means that a meltdown with high levels of fear would present a perfect opportunity and catalyst to advance this agenda down the field. Remember many people with agendas have a lot to gain when a major shift in the currency markets takes place. More on this subject in the article below.

http://brucewilds.blogspot.com/2014/02/contagion-may-lead-to-new-world-c...


Thu, 05/29/2014 - 15:31 | 4806990 pound the vix
pound the vix's picture

And now it's time to pound the VIX

Thu, 05/29/2014 - 15:34 | 4807004 Waterfallsparkles
Waterfallsparkles's picture

I think someone has a lot of stock to sell.  they needed to boost futures to sell into it.

Thu, 05/29/2014 - 15:36 | 4807011 bbq on whitehou...
bbq on whitehouse lawn's picture

I didn't know my call to the downside was worth 1 billion. Im flattered. But ive been playing market for a vary long time. So have many many many others far sharper then me. This is the classic quote " The lady doth protest too much, methinks." -Hamlet WS.
So doth this market seem to protest to much.

Thu, 05/29/2014 - 15:39 | 4807019 madcows
madcows's picture

Well, they do it with PM's, so why not screw a client with stock manipulations, too.

Thu, 05/29/2014 - 15:41 | 4807027 luckylogger
luckylogger's picture

that was nothing more than a stop run, surely you guys are used to them by now....

They happen all the time in most markets.

If a guy could see actual open interest I bet you would see a drop in open interest when it happens.

But of course that is not available to us little guys. We get 3 day old data from our ever vigilant CFTC.

It is a great play if a guy can get it. Set a stop same limit order where you think the stops are and hope for the best. (Most do not fill). That is the problem...

I will bet that Goldmans fill though...............

Thu, 05/29/2014 - 15:50 | 4807054 ejmoosa
ejmoosa's picture

Hell, I do not think they have actually needed the rest of us in the market for years....

We have become obsolete.

Thu, 05/29/2014 - 16:04 | 4807094 Kreditanstalt
Kreditanstalt's picture

It's BETTING, with printed money that we all end up paying for via inflation and job losses. 

Not speculating, not investing. 

No one's in there.  These clowns have no choice but to steal each other's money.

Thu, 05/29/2014 - 21:21 | 4808189 espirit
espirit's picture

Nicely said.

Thu, 05/29/2014 - 16:16 | 4807152 vyeung
vyeung's picture

popcorn in hand and just watching how this end. Obviously I'm well hedged. LOL

Thu, 05/29/2014 - 16:18 | 4807165 Dimons jock
Dimons jock's picture

I was hoping some stooge would buy 100k of priceline @ the close just so I can sleep for a change, lol  ...

Thu, 05/29/2014 - 16:31 | 4807215 lasvegaspersona
lasvegaspersona's picture

so someone still believes!!!

 

We have pillars of strength!!!!

Our economy is strong!!!

Our slogans are our power!!!

Thu, 05/29/2014 - 18:35 | 4807706 GrinandBearit
GrinandBearit's picture

Just as 666 was the bottom, it would not surprise me if the S&P top ticks at 1929.

TPTB love playing games like that.

Thu, 05/29/2014 - 19:13 | 4807809 The Fonz...befo...
The Fonz...before shark jump's picture

I'm looking at you Belgium...you guys are now the liquidity (garbage) receptacle for the Fed

Thu, 05/29/2014 - 21:03 | 4808138 Cheshire
Cheshire's picture

nikkia  is up and its futures are down. what the hell you guys.

 

Fri, 05/30/2014 - 06:12 | 4808837 AdvancingTime
AdvancingTime's picture

An unholy alliance of the Federal Reserve, the government, and the too big to fail has left the rest of us in a precarious position. For the big boys, its insider information and computer trading, this includes computing patterns that exploit where stops are placed, this improves their ability to wash the weak out of their positions.

The bottom-line is that the higher the market goes the more vulnerable it becomes to a major collapse and sudden downward move. More on this subject in the article below.

http://brucewilds.blogspot.com/2013/07/markets-more-lies-and-munipulatio...

Do NOT follow this link or you will be banned from the site!