Word from the CME floor

Rumour has it that Catalyst is caught the wrong way in ES options. He's already down 11% YTD (on +- $4B) and hurting. Supposedly he was buying 400 lots ES futures all day yesterday to hedge his option positions.

 

Is that one of the big players against who the small retailer has no chance to win?
I was wondering who takes the losses of my winning trades...

 

There was heavy volume on he VX yesterday an again today - the last time we saw volume that high was 9-13-2016 - I was wondering what that was about. That could be a catalyst for another big surge up.

 

I believe the VX futures rolled over yesterday, so that would generate a lot of volume imho.

 

He must have been short a shitload of calls

 

http://www.zerohedge.com/news/2017-...tdown-here-reason-markets-inexplicable-surge?

 

Thanks. Hadn't read that yet.