Examine trade #1. On January 2nd, 2004, SP Trader begins a short position at 17:00 hours at a price of 1125. Immediately, at 17:00 hours still on January 2nd, 2004, they exit their short position and the price is now 1121 for a gain of 4 points. Odd, but OK. We’ll give SP Trader the benefit of the doubt.
But then on January 21st, 2004, the same thing happens again. Long two contracts at 1150 at 17:00 hours. Immediately, again at 17:00 hours, the price is now 1150.25 and they’ve exited their position.
Either SP Trader has some quick hands, is using high-frequency trading techniques, or there’s something going on here that we don’t understand at all. The time of entry and exit for every trade of 2004 is at 17:00. We just don’t understand. What exactly is SP Trader doing? Entertain us with your thoughts, please.