‘50 Cent’ Volatility Buyer Is Back With Bet VIX Will Double
- Hedges worth $5m spark speculation mystery trader has returned
- Vol buyer likely reaped big pay-off in February blow-up
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“50 Cent” is back. Or at least, a pretty convincing impersonator who spent $5 million on volatility hedges this week.
The mysterious buyer, or buyers, earned the nickname -- a play on the rapper Curtis Jackson, known as “50 Cent” -- after relentlessly purchasing huge lots of call options tied to the VIX at around 50 cents a pop.