Surveillance: Purchasing Power with Meyer
Bloomberg Surveillance
00:00
VIX Is a Train Wreck
People are looking at VIX for the hedging. It's all occurring in this daily and weekly options. You buy something out of the money and you hope it triggers. And what we're also seeing, I think if you look in the background on the days calls are working, people really push hard on some of the most shorted stocks. Because it's truly gambling. There's no binomial model or anything that's going to predict this. This is a train wreck waiting to happen.You and I know it.
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