Massive 3way in VIX options as a customer buys 120,000 Nov 18 – Dec 24 strangles and sells 102,000 Oct 26 calls, all for a net debit of $3.65 (priced as if 1-up)- a total net debit near $40million. Looks like it rolls part of a large Oct 26 call position opened on July 12th when vix was near 19.
Category: All Indexes
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Henry Schwartz is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America coincident with the launch of the International Securities Exchange. He received his bachelor’s degree in Economics from the University of California, San Diego and his MBA from NYU’s Stern School of Business.