Mystery Trader Shocks Market With Giant VIX Put Trades

it was a debit as posted in the original article. Vol smile goes against you.

 

And the men who hold high places
Must be the ones who start
To mold a new reality
Closer to the heart
Closer to the heart
The blacksmith and the artist
Reflect it in their art
They forge their creativity
Closer to the heart
Yes, closer to the heart
Philosophers and plowmen
Each must know his part
To sow a new mentality
Closer to the heart
Yes closer to the heart

 

Missed that- however these can trun on a dime so it may have done very well -I'm alwasy suspicious of the 'insider' stories

 

I think it’s a hedge to some exotic position.

 

It does not say if it was for a credit or debit- either way a quick drop in VIX would make the 17 puts lose much more than the 21s -I do ratios all the time.

 

It looks like it is time for a new hobby for you.

How much did you lose?

 

I didn't lose anything. I made a prediction and I failed miserably. How much did YOU make or lose? Do you ever trade?