The Option Block 1197: Remember When VIX Hit 83?
The Options Insider Radio Network
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VIX July 23 Calls - The Biggest Hot Block in the Market
The biggest trade in the entire market which is 102,000 of the VIX July 23 calls that we saw bought from like 84 cents up to 87 cents. The average was 86.7 and this was a nice clear cut directional trade in VIX. It's $9 million worth of premium spent on calls that will only make money if VIX gets up to about 24 in the next month and a half so this is an interesting one you know it obviously could be a bet on volatility and volatility spiking.
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