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Volatility Views 532: Revenge of the Volatility Backspread

Volatility Views

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How to Trade Vix Options Weekly

A 1.3 plus million volume day in Vix options is just staggering. The strikes are a little wonky, certainly going out a lot farther than we normally see. I think my guess would be that this is somebody looking for volleyball exposure as opposed to a settle over 60.

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