Jun
20
‘50 Cent’ Just Reloaded With a Big Hedge Against a Stock Selloff
By-
74,300 block of call options purchased on Tuesday morning
-
Strategist suggests buy linked to June VIX options expiry
50 Cent spent roughly $3.8 million hedging against a selloff in risk assets this morning.
Not the rapper — the mysterious volatility buyer or buyers who earned the moniker due to their penchant for buying huge lots of VIX call options priced at roughly a half-dollar apiece.
The CBOE Volatility Index, known as the VIX or fear index, has remained at historically low levels for years. Explanations for the prolonged period of market tranquility have ranged from central bank largesse to the growth of social media…
‘50 Cent’ Just Reloaded With a Big Hedge Against a Stock Selloff
