The Volatility Swings, Skew Changes and Hot Options Trades in Equity Markets

NACA has been doing monthly strips like this. They swung to the calls now, doing a ton of paper every week like clockwork. It's interesting, a little bit maybe indiscriminate. Of course, we have no clue what this represents relative to anything else that this entity has going on. But it's still a pretty darn big trade for anybody, any size person.