More massive VIX call spreads on the tape with a late seller of 140,000 feb 22.5-25 call spreads to open for $1.45. GS also executed this trade, and if the same initiator is short both spreads the premium collected is nearly $37million, with potential risk of $43 million if VIX returns to levels above 25 in Jan and Feb of next year.

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5 users commented on " CBOE Volatility Index (.VIX) $22.46 +6.34% "
Follow-up comment rss or Leave a TrackbackNot trying to read between the lines per yer last 2 posts, but sounds like Feb positing for higher and JAN positioning for lower…..
ahh a taxpayer’s capital @ work hehe….well…good luck Goldman
GS is being complex btw.
Why didn’t they just short the $VIX @ the money JAN straddle and long the FEB @ the money straddle?
Probably linked to a position in VX futures, but i didn’t here it was tied.
Timing was awful. First spread surfaced just before the late day sell-off. Doh!
well, understandably, but why i emailed Henry with my VXX long and long $vix calls
(took advantage of the ETF the other month)