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Despite Mounting Losses, Mystery Trader "50 Cent" Doubles Down With Massive VIX Spike Bet

Despite Mounting Losses, Mystery Trader "50 Cent" Doubles Down With Massive VIX Spike Bet

Three weeks ago we introduced the real "50 Cent" - the mystery trader whose pattern of huge, near-daily trades on the VIX is turning heads in the options market.

Not him..

 

As we detailed previously, Pravit Chintawongvanich, head of risk strategy at Macro Risk Advisors,  the huge options buyer known as "50 Cent" shows no signs of slowing down.