Ten-million-dollar blocks betting on a market quake—will a black swan hit before year-end?
@OptionsDelta:
$Cboe Volatility Index(VIX)$ Unusual options activity flagged a scary VIX call block: 160,000 contracts bought of the Nov 19 expiry 32 calls $VIX 20251119 32.0 CALL$ , roughly $13M in premium.Honestly, I’m puzzled by this bearish macro bet. With AI-led growth still blazing, it’s hard to imagine the kind of shock that would deliver a fatal blow to U.S. equities right now.After thinking it through, the most plausible angle is political: Trump trying to buy AI stocks on the cheap—manufactured panic isn’t a zero-probability event. $NVIDIA(NVDA)$ Not a great time to be selling calls—price looks set to make a run at 210.Feels like the market’s r