$40 million bet on Vix going to 25, then to 40

"One or more traders laid out a roughly $40 million bet that the Cboe Volatility Index - often called Wall Street's fear gauge - will break above the 25 level and rise towards 40 by mid-July," finance.yahoo.com/ne...trade-225734170.html

Try to play it with VXX for 1x leverage to the vix and UVXY for 1.5x leverage to the vix. It is a good way to have some volatility protection.

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