Bond Trader Bets $10 Million That Volatility Revival Is Imminent

[pwa2]

sle, what was "today's VIX trades" (21 July)? Can you give details - strike, maturity, payoff, size etc. please?

thanks

 

[newwurldmn]

Could have been a real money hedger of some sort. Today's VIX trade was bigger and made just as little sense, IMHO.

The hedge that kicks you in the groin after you've lost a lot of money in your portfolio.

 

[srinir]

sle, what was "today's VIX trades" (21 July)? Can you give details - strike, maturity, payoff, size etc. please?

thanks

 

[pwa2]

thanks srinir.

 

[Quiet1]

I don't know how the straddle buyer exited in the end but I think it would have been in keeping to just put a 65k lot order at one ask. Just for the lolz.

 

[Martinghoul]

I don't know how the straddle buyer exited in the end but I think it would have been in keeping to just put a 65k lot order at one ask. Just for the lolz.

The strangle expired... The buyer may have taken some of the delta off, since there were some large clips of TY crossed. Of course, it might have been the mkt-makers hedging, since it's never 100% clear.

 

[Quiet1]

Yeah I meant exited his newly minted futs position but indeed, maybe it was wanted and held.