20 Jun 2016 00:26:14
Hello all - this is my first post though I have been following the site for a while.
One aspect of the Jo Cox murder that I haven't seen discussed is the timing in relation to the financial markets.
Options contracts expire and are settled on the third Friday of every month.
The quarterly expirations (March, June, September and December) are generally more significant.
The June 2016 contracts were due for settlement on Friday 17th June. The last day's trading before the expiration was Thursday 16th.
On Thursday, markets in Europe had been down all day. They also opened sharply down in America.
However, when the news of the murder (and the "Britain First" alleged shouts) came out markets across Europe and America rose sharply (as the prospect of Brexit reduced in probability) .
The Dow Jones was up from the pre news lows as much as 300 points during the session and closed up 250 points from the day's low.
Options settlement was at a much higher level than it would have been had it not been for the news of the murder.
Institutions either selling puts or buying calls could have seen profits increasing exponentially from what would have otherwise been the case.
In other words, some people / institutions will have made millions as a result of the murder.
It is often said that to get to the truth of a matter you need to "follow the money".
Does anybody think that there could have been some large / irregular trades made in the last few days, and if so would that just have been a coincidence?