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Volatility Views 538: The Great VIX Put Saga

The Options Insider Radio Network

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The Rise and Fall of VIX

100,000 of these June 15 puts lifting the offer for nine cents. In October, it was probably 2961 when this was went up. They were trading around a quarter. We bought them for like seven cents. So that was already a great trade over 3X. Was hanging out there for a while. Last week, we kind of settled a little bit shy of the 15 handles. And then they got clobbered all the way back down to almost 90 cents.

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