A trader (or traders) with a $40m punt on a US stock market collapse

Reuters report on a big trade on US options market Thursday

  • One or more traders laid out a roughly $40 million bet that the Cboe Volatility Index will break above the 25 level and rise towards 40 by mid-July
  • The VIX closed at 16.95 on Thursday, its lowest close since February 20, 2020,
More at the link here with an explanation as to why the bet is probably on a drop not a surge. By mid-July.
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