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.