3/21/2014

A trader paid almost $8 million for a trade that will pay off if the VIX (Volatility) Index rallies at least 60 percent by May.

The trader bought 150,000 bullish contracts on the VIX expiring in May with a strike price of 22.

This could be a hedge for a big fund or an outright bet, if its an outright bet it would be an incredible asymmetrical trade in that the $8 Million could easily turn into $170 Million or more if the VIX Spikes to 30 or above by May.

Will Meade
Billionairesportfolio.com