Trader Bets $20.9M on S&P 500 Reaching 9,000 by December 2026

A trader paid $20.9 million for call options betting on the S&P 500 rising above 9,000 by December 2026, representing a over 30% rally from current levels. The trade was made shortly before the Federal Reserve announced a 25bps rate cut and ahead of major tech earnings.