‘50 Cent’ Is Buying Up Big on March VIX Calls

[ajacobson]

Wonder where/if he exited ?

 

[Martinghoul]

Wonder where/if he exited ?

Exited? Why would he necessarily exit?

 

[fordewind]

lots of tips on ET

 

[Quiet1]

why wouldn't you exit on the biggest spike of all time in the VIX? "yeah I held with VIX at 50 because I wanted 80 in the next few weeks"? At least reconfigure your hedge if it is one, no?

 

[Martinghoul]

why wouldn't you exit on the biggest spike of all time in the VIX? "yeah I held with VIX at 50 because I wanted 80 in the next few weeks"? At least reconfigure your hedge if it is one, no?

They might restrike it, I suppose... The point of these teeny calls is that they're a hedge for an large long-only equity portfolio. Just 'cause VIX has spiked doesn't mean you don't need the hedges.