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Strategist Who Called VIX Blowup Says Bet on Return to Stability

  • Macro Risk Advisors sees opportunity in VXX put spreads
  • Volatility-product crackup means less fuel for wild swings
Bloomberg business news
Days of Single-Digit Vol Are Probably Long Gone, Says Eric Liu

Thanks to the casualties of this week’s turmoil in stocks, a certain kind of calm is poised to return. 

It’s time to bet that markets will settle down, says Pravit Chintawongvanich, the head of derivatives strategy at Macro Risk Advisors. A surge in expected swings in volatility had been exacerbated by retail-beloved products nearly going belly-up, but these instruments don’t have the power to send markets haywire any more, he says.