All Indexes

CBOE Volatility Index (.VIX) $17.27 +7.33%

Notable spread in VIX heading into the final minutes of trading ahead of the long weekend. The index is up 1.38 to 17.47 and at session highs. A Sep 20 – 30 – 40 call butterfly on VIX trades for 75c, 10000X. It appears to be a buyer and, if opening, the spread would offer [...]

July 2, 2015 | 0 Comments More

CBOE Volatility Index (.VIX) $17.02 +5.78%

Active trading in the VIX pit. The index is up .80 to 16.89 heading into the long weekend and ahead of a July 5 referendum to help determine Greece’s fiscal fate. 384K calls and 96K puts traded on the index. The top trade is a 54K lot of Jul 25 calls at 61c. It appears [...]

July 2, 2015 | 0 Comments More

S&P 500 Index (.SPX) $2071.55 -1.42%

Massive SPX put spread represents notional value over $14 billion. Initiator sold a total of 70K July 1875-1900 put spreads for prices from 85 to 80c this afternoon, pocketing well over $5.5M in premium in exchange for the $175M in risk that would be realized if SPX were to slid to the low strike, currently [...]

June 29, 2015 | 0 Comments More

CBOE Volatility Index (.VIX) $14.50 +0.00%

Active trading in VIX July calls continues as the index dips back below 13 Thursday. Open interest in calls on the volatility index increased by 361K since yesterday, as the June options expired Wednesday and were being replaced by new positions in July. Jul 26 calls saw an increase in OI of 98K. The interest [...]

June 18, 2015 | 0 Comments More

CBOE Volatility Index (.VIX) $14.81 +0.00%

VIX options are active on expiration Wednesday. The index is up .02 to 14.83 and the June settlement print is 14.67, compared to 12.8 for May. It marks the first month-over-month increase in VRO so far in 2015 and some players seem to be concerned about another increase in July, as VIX Jul 26 calls [...]

June 17, 2015 | 0 Comments More

S&P 500 Index (.SPX) $2083.54 -0.50%

Big print in the SPX pit. The index is off 12.55 to 2081.56 and working off session lows of 2072.50. An investor sells the Dec 2200 – 2300, 4600X18400, call ratio spread on the S&P 500 at $2.30. The 1X4 might be a closing position on the view that a 10.5% market rally towards 2300 [...]

June 15, 2015 | 0 Comments More

CBOE Volatility Index (.VIX) $13.90 +8.17%

Large call buyer in VIX July. Buyer paid 88 to 90c for a total of 80K Jul 19c to open a new position struck nearly 22% above July VIX futures.

June 12, 2015 | 0 Comments More

CBOE Volatility Index (.VIX) $13.26 -8.36%

Big prints in the VIX pit are part of an ongoing strategy of upside call ratio spreads to hedge volatility risk. With the index down .97 to 13.50, an investor sells 181K Jul 17 – 23, 1X2, call spreads to buy 181K of the same thing in August, paying 14c for the four-way. Trade history [...]

June 10, 2015 | 0 Comments More

S&P 500 Index (.SPX) $2094.48 -0.93%

Deep out-of-the-money put spreads in the S&P 500 index Thursday. The index is off 18.79 to 2095.28 and the top trades in the SPX pit printed this morning when the Jun 26 Weekly 1925 – 1950 put spread traded for 75c, 6000X. The spread has traded multiple times and volume is 66K in both contracts. [...]

June 4, 2015 | 0 Comments More

CBOE Volatility Index (.VIX) $14.22 +4.10%

Heavy volume in CBOE VIX Index 20 strike calls. Impressive early volume in VIX calls with well over 200K contracts trading in the first 30 minutes of the day and a massive June-July ‘stupid’ driving most of the volume. Initiator is buying the June and July 20 calls together, paying from 1.20 to 1.26 for [...]

June 4, 2015 | 0 Comments More
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