Someone placed a $1.9m crash bet via a Jan'21 $VIX call spread. The hedger / crash caller purchased 25K of $75 20 Jan'21 calls and sold the same number of $150 20 Jan'21 calls. If $VIX lands over $150 by 20 Jan'21, the trade will generate 10000% return and turn $1.9m into $184m. pic.twitter.com/NnAdnEBkVw
— Yuriy Matso (@yuriymatso) August 15, 2020
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