Market participants initiated $325 million in S&P 500 futures long positions at 8:24 AM ET on Friday. Simultaneously, $760 million in oil short positions were opened at the exact same 8:24 AM timestamp.
These trades occurred just 21 minutes before a public announcement from Iranian foreign officials. This activity represents over $1 billion in directional bets placed less than 30 minutes prior to the geopolitical update.