VIX Options Volume Soars as Someone Bets Big on Volatility Spike
This article is for subscribers only.
Someone in the options market is betting that the Cboe Volatility Index, which has been trading below its five-year average, is headed back toward the level it was at during the market turmoil of February.
The VIX fell to 12.37 on Thursday. It’s down more than 66 percent from its Feb. 5 peak. One options investor seems to be positioning for a 62 percent surge into November.