Could be part of a hedge - who knows. This is a couple of days old. https://www.bloomberg.com/news/arti...s-trade-braces-for-2008-like-volatility-surge
from the article: "The standout trade was one block of 50,000 April $65 calls that were bought for 10 cents. Those contracts would imply a surge in the VIX of almost 500% from its current level." for us noobs out here, how would the cost of buying those calls be caclulated? 50,000 calls 10 cents is that a $5000.00 trade that was paid for? is there any way that trade could cost More than the price paid, if no more is done with it? Thx