'50 Cent' Volatility Buyer Has Options Insiders Asking 21 Questions
More than $33 million in VIX calls that cost about $0.50 purchased year-to-date.
This article is for subscribers only.
People in markets just can't rap their heads around it.
The CBOE Volatility Index, commonly known as the VIX, has closed below 15 for over 50 consecutive sessions and large speculators are short the measure by the most in 12 years -- but there's a steady, sizable source of demand for short-term options from a mystery buyer that will pay off if implied volatility jumps to between 19 and 24.