Not surprisingly the TACO trade occurred on Monday (instead of TACO Tuesday) after Trump denied offering Iran sanctions relief in exchange for nuclear concessions.
Ironically (or NOT) the morning headlines about “Sanctions Relief” triggered a sharp drop in oil prices.
This begs the question:
How many investors (Cough! Insiders, Cough! Trump advisors/family, Cough!) bought puts on oil before the news broke? And closed out their position before Trump posted on his Social Media AFTER THE CLOSE, the following:










