The Biggest Short: Trader Bets $30K On 1,100% VIX Spike By February 2024
Portfolio Pulse from Piero Cingari
A trader has bet $30,000 on the VIX index hitting 180 by February 2024, a move that would require a 1,100% surge from its current level of 15. The trader purchased 5,035 VIX options with a strike price of 180 and an expiration date of Feb. 14, 2024. The VIX index has never surpassed the 100 level since its introduction in 1993. Investors can gain exposure to the VIX index through ETFs such as ProShares Trust VIX Short-Term Futures ETF (VIXY), ProShares Trust VIX Mid-Term Futures ETF (VIXM), and ProShares Trust Ultra VIX Short-Term Futures ETF (UVXY).
September 07, 2023 | 8:42 pm
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NEUTRAL IMPACT
The ProShares Trust Ultra VIX Short-Term Futures ETF (UVXY) could see increased interest and volatility if the VIX index surges as the trader predicts.
The ETF's performance is tied to the VIX index. If the index surges, the ETF could see increased interest and volatility.
CONFIDENCE 50
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The ProShares Trust VIX Mid-Term Futures ETF (VIXM) could see increased interest and volatility if the VIX index surges as the trader predicts.
The ETF's performance is tied to the VIX index. If the index surges, the ETF could see increased interest and volatility.
CONFIDENCE 50
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The ProShares Trust VIX Short-Term Futures ETF (VIXY) could see increased interest and volatility if the VIX index surges as the trader predicts.
The ETF's performance is tied to the VIX index. If the index surges, the ETF could see increased interest and volatility.
CONFIDENCE 50
IMPORTANCE 50
RELEVANCE 50