Aug. 19 at 1:36 AM
Seeing some interesting moves in
$VXX today
A 4,000-contract Aug 21
$22 call sweep at the ask on InsiderFinance just popped up and more than doubled open interest
Looks like traders are gearing up for near-term volatility with the Fed minutes and geopolitical risks on the horizon
Also spotted a 2,230-contract Sept 18
$29 call block at
$0.19, way out of the money
Feels like cheap insurance rather than a big bet
With VIX already elevated, playing it safe might be the move
Be cautious about fading VXX or selling naked calls right now
The risk is real with these catalysts coming up