Bullish Customer VIX Trade Today

With the CBOE Vix November Futures trading 18.35 (higher than Cash VIX near 17.90), we saw a large order in the CBOE’s Vix Pit. An institutional customer bought 18,000
CBOE Vix November 21 Strike Calls for $1.225.

Lets break this trade down:

Trade: Buying the Vix Nov 21 Calls for $1.225
Directional Stance: Bullish
Risk: $122.50 per 1 lot
Reward: Unlimited
Premium Outlay for Trade: $2,205,000

https://myemail.cboe.com/exchange/kearney/Inbox/Vix%20Chart.EML/1_multipart_xF8FF_2_VIX10.26.2012.png/C58EA28C-18C0-4a97-9AF2-036E93DDAFB3/VIX10.26.2012.png?attach=1

Regards,

Andrew Keene
andrew@keeneonthemarket.com

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