Trader Reaps $1.7 Million Payday on Wednesday’s Volatility Buys
- Jump in Cboe Volatility Index pays off for options investor
- Volatility buyers were still out in force again Thursday
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The trader who loaded up Wednesday on protection against U.S. equity tumult couldn’t have timed it better.
The Cboe Volatility Index jumped as much as 1.5 points to 13.5 on Thursday as the S&P 500 Index slumped 0.7% at one point in the wake of a European Central Bank decision that failed to live up to investors’ dovish expectations.