Big print in the VIX pit. The volatility index is off .28 to 12.97 and paper bought nearly 100000 May 12.5 puts on VIX for 9 cents per contract. The new position will expire in 27 days and seems to be expressing the view that the index might fall below 12.5 (12.41 expiration breakeven) through [...]
Deep out-of-the-money calls on VIX are seeing some interest. The index is up 1.56 to 14.16 and a 13,000-lot Sep 50 calls on the volatility index is being opened for 28 cents when the market was 20 to 30 cents. The second biggest block of options in the VIX pit is a 12400-lot of Aug [...]
Megablock of VIX calls likley closes shor-term loser. Initiator sold 100K April 13 puts for a nickel today, likely closing the 11c purchase made last Friday for a 6c ($600K) loss.
Big print in VIX as the index trades at the lower end of the 2015 range. The volatility index is off .26 to 12.83 and 91,900 Apr 13 puts trade for 11 cents, after an 1100-lot printed for 10 cents – electronically. It appears to be a buyer and maybe an investor is opening the [...]
Big put spread in the mini-S&P 500 Index. The index is up .88 to 209.07 and the Apr 185 – Jun 197 put spread on XSP trades for $1.96, 20650X. The investor is apparently salvaging a penny on a losing position in the Apr 185 puts and rolling out to June 197 puts. A portfolio [...]
VIX April 20 calls were the most active options yesterday. More than 150,000 contracts traded, including an 83100-lot for 60 cents in midday trading when the market was 50 to 65 cents. The flow created 136,000 contracts of new open interest at that line. May 47.5 calls, June 50 calls, and July 30 calls saw [...]
Big three-way spread driving a bit higher volume in the VIX pit. A half million contracts traded on the index so far, which is nearly double the normal or expected levels (based on one month volume history). The index fell to a morning low of 12.59 and seemed poised to close at 2015 lows today. [...]
Big print in the small cap index. RUT is up 15.20 to 1225.6 and the Mar 1280-1290 call spread on the index is sold at a dime, 62000X. It opens and is expressing the view that the small cap index isn’t like to rally beyond 1280.1 through the quad witch, or a 4.5% rally in [...]
Big buyer of deep out-of-the-money VIX call options as the index makes a run back towards session highs. The index is up .31 to 17 and a 35000-lot of Apr 50 calls on the index is bought for 8 cents per contract, to open.
Active trading in the VIX pit today led by a strangle buyer. With the index down .66 to 13.03, paper buys Mar 14.5 puts and May 20 calls on the index, paying 2.20, 15000X. The same thing traded again for 2.20, 67380X. More than 90,000 contracts now changed hands in both strikes and the new [...]