A Trader Called the ‘VIX Elephant’ Is About to Rock Volatility Options
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Derivatives traders should brace themselves for massive volumes in volatility-linked options.
An options behemoth that’s been betting on a modest rise of the Cboe’s VIX index -- and traded 3.15 million contracts so far this year -- may roll over a huge position today or later this week based on trading patterns going back to July, Pravit Chintawongvanich, head of derivatives strategy at Macro Risk Advisors, wrote in a note.