Core Insights - Trump's announcement to suspend tariffs on certain countries led to a significant surge in the S&P 500 index, which rose by 9.5% [1] - Prior to the announcement, trading activity for certain call options increased dramatically, indicating heightened market interest [1] Trading Activity - Approximately 5,105 contracts of SPY call options were traded around 1:00 PM when the ETF was priced at approximately $501.50, with an average price of $4.20 per option [1] - Following the market rally, the price of these call options soared to about $42, representing a substantial increase in value [1] - The total value of holding all 5,105 call options would have escalated from approximately $2.14 million to around $21.44 million [1]