Record Bet: Trader Sells $18 Million in VIX Calls

I apologize if this has been posted already, but why do I get the feeling that we are going to blow up through 22 on the VIX by the third week of this month? Ballsy trade considering that VIX ETNs were down >99% before this recent spike. God bless this dude.

http://finance.yahoo.com/news/record-bet-trader-sells-18-180335585.html

 

All someone has to do is buy a few thousand of the 10D puts on settlement, but it won't force a cover, just pain for the naked call seller.

 

The dude is smart and god bless the idiots who took his opposite side even if they were to win on this one.

 

I think it is Karen...

 

The Federal Reserve are selling vix calls and vix futures to support the market. The other side are hedged.

 

The stupids got sticked. VIX below 18, down 11%.

The dude was smart, and the stupids thought he was stupid and took his other side.

 

hmmm... really? you might want to include delta in your calculations

 

Can they really do that?

 

Rothchilds can do anything they want...and the beautiful thing is that they cannot be audited

 

Record? The prem is less than Third Point's daily VaR.