Mystery Option Buyer (spent almost $9 million buying VIX) Nets Fast $12 Million Gain on Stock Slide

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(Bloomberg) — The sense of calm in the US stock market was disrupted Tuesday as the S&P 500 Index plunged more than 2% and the VIX exploded higher. That’s rewarded a late-Friday options buyer with some $12 million in paper gains.

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The spike in volatility came as the S&P 500 index was dragged down by a selloff in technology stocks with AI giant Nvidia Corp.’s market capitalization dropping by the equivalent of Chevron Corp.

https://finance.yahoo.com/news/mystery-option-buyer-nets-fast-204650077.html

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