Bond Trader Bets $10 Million That Volatility Revival Is Imminent

sle, what was "today's VIX trades" (21 July)? Can you give details - strike, maturity, payoff, size etc. please?

thanks

 

The hedge that kicks you in the groin after you've lost a lot of money in your portfolio.

 

thanks srinir.

 

I don't know how the straddle buyer exited in the end but I think it would have been in keeping to just put a 65k lot order at one ask. Just for the lolz.

 

The strangle expired... The buyer may have taken some of the delta off, since there were some large clips of TY crossed. Of course, it might have been the mkt-makers hedging, since it's never 100% clear.

 

Yeah I meant exited his newly minted futs position but indeed, maybe it was wanted and held.