BloombergMarkets ‘50 Cent’ Is Buying Up Big on March VIX Calls By Luke Kawa January 26, 2018, 10:17 AM CST Just as the rapper Curtis Jackson III captures attention for realizing he’s made millions on Bitcoin, the buyer of volatility options that shares his moniker is a window shopperin VIX options no longer. Trading patterns associated with the trader dubbed “50 Cent” resurfaced on Friday as 50,000 March VIX calls with a strike price of 24 were purchased for 49 cents a pop. This buyer of out-of the-money options that hedge against stock-market turmoil by betting on a surge in the Cboe Volatility Index may have also switched their style up. “I think for a while ‘50 Cent’ became ‘30 Cent,’” said Pravit Chintawongvanich, head of derivatives strategy at Macro Risk Advisors. “There were a lot of prints that fit that bill, though you can never know if it’s the same person.” 50 Cent’s role as the most interesting -- and largest -- player in VIX options has largely been usurped by the so-called “VIX Elephant” who’s been putting on massive call spread trades since July.