Trader 0x2205 is cashing out on $AI, with over $4.5M in total profit — a 54x return!
He spent $84.5K to buy 20M $AI, then sold 13.23M $AI for $2.53M and still holds 6.77M $AI($2.1M).
Traders now put the odds of $SPY hitting $790 in September at 20%.
Here are some other ETFs that directly track the S&P 500:
- Vanguard S&P 500 ETF $VOO
- iShares Core S&P 500 ETF $IVV
- State Street SPDR Portfolio S&P 500 ETF $SPLG
- Invesco S&P 500 Equal Weight ETF $RSP
Traders are scrambling to shield their portfolios against further losses in Treasuries, as worries over the budget deficit and inflation push yields toward multiyear highs