Originally posted by leo123
Question remains, why was such a huge bet made.
being a "retired" day trader, the VIX was at an insanely low number. all it shows is volitility, that's it...for it to go lower that an "eleven" handle and stay there...you would practically have to have a trading range for a period of time, of very little movement either up or down.....since the market is making all-time highs, plus, the tension of the budget and threat of sequestration, couple that with north korea, iran, syria, it stands to reason there will be a correction, thus VIX would go up...and a 20 handle on the VIX is not that unusual. that's just my opinion, of course