Same ol' 3:10-3:15 futures closing action. It was good for 2.5 /ES points taking it nearly a full point above where the cash index settled. The action junkies pushed their chips all in at 3:14:59 and promptly received a margin call 5 minutes after futures opened back up for trading because WOPR went into sleep mode again. I really would like to see which institution is doing those trades and whether or not they are initiated by a human or a program. If it is a program then what is it seeing 7/10 days, starting at 3:10 after the cash closes? Moreover, how does transacting up to 3x more contracts than the rest of the computers/institutions help liquidity? I've seen it or recorded it all too many times now. Even saw several 1700+ sized orders at certain times throughout the day.
