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Somebody is betting *HUGE* on the VIX

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posted on Feb, 13 2013 @ 01:11 PM

According to Art Cashin, somebody (not an institution) has placed a $11.25 million bet on a 2 month contract on the VIX.

For those unaware, the VIX is the volatility index, so this bet is saying that some time ove the next 60 days there is going to be a huge increase in volatility in the stock market, technically either up or down. But according Cashin:

some options trader has made an enormous $11.25 million bet that the VIX will explode higher very soon.

And a rally in the VIX is usually accompanied by a drop in the stock markets."

posted on Feb, 13 2013 @ 01:15 PM
reply to post by leo123

Yeah, this has been covered, ad nauseum on here already.

posted on Feb, 13 2013 @ 01:17 PM
reply to post by citizenx1

OK thx. Took a quick peek to see if it had, but I obviously missed it.

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