The Volatility Gamble: A Bizarre Bet Ahead of the Fed's Rate Decision The markets are abuzz with anticipation ahead of the Federal Reserve's rate decision.
One peculiar trade has caught the attention of market observers: a $6 million purchase of deep in the money puts on the Cboe VIX Index, which appears to defy conventional wisdom.
This trade involves the buyer purchasing 563 110 strike VIX puts expiring October 21 for $5. 1 million and an additional $1. 2 million of the 130 strike puts expiring November 18.