As you can see, in blocks ranging from 110,000 to over 25,000 they bought those August calls for 33 cents up to 35 cents.These calls hit 50 cents on Thursday, at one point representing a paper profit of $4.4 million.
Next, right away on Thursday a trader was back as our computers tracked the VIX September 24 calls traded in big blocks, starting with 46,752 contracts where two blocks of that size hit in the first hour of trade. A total on the day of 110,000 calls for 63 cents.Related Tags
RecoveryForQ
Couldn’t this position be a hedge and not a directional bet?
The ol’ CNBC classic...”somebody bought...”
Shit I meant to sell!!!
Nonsense, it’s been turning down since it started turning up.
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