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July 08, 2024

Beneath the Bull Market: A $98M VIX Bet Surfaces
Brandon Chapman

The S&P 500 is hitting all-time highs with remarkable frequency. When the market lets the good times roll, they roll indeed.

Session after session seems to be going swimmingly for equities. But as any seasoned swimmer knows, it's what lies beneath that should concern us.

In this case, it's whales. 

Today saw a massive upside call spread on the VIX "fear index."

At approximately 11:20 AM ET, a trader executed a bold move: buying 50,000 September 25 calls and selling the September 45 calls against them.

This trade in total cost them $1.85 million…And if they nail it perfectly, they could stand to make $98.1 million. 

Of course, it’s highly unlikely given where the VIX is and the trade only has 71 days till it expires. 

In all likelihood it's probably a hedge of sorts.

However, the timing of the trade makes this very interesting.  

TheoTrade Daily Chatroom Schedule for Tuesday, July 9, 2024
9:20 AM to 10:00 AM: Kickoff: Navigating Today's Busy Trading Session
10:00 AM to 10:30 AM: Trader's Masterclass with Professor Jeff Bierman
10:30 AM to 11:00 AM: Q3 Strategy Playbook by Gianni Di Poce
11:30 AM to 12:00 PM: Blake Young's Top-Tier Analysis
12:00 PM to 12:30 PM: Brandon Chapman's Sector & Stock Spotlight
12:30 PM to 1:00 PM: NQ Futures Hunting with Tony Rago
1:00 PM to 2:00 PM: Range & Trend Tactics: Corey Rosenbloom's Playbook

We Got a Risk-On Surprise Last Week - Here’s Why

We were all expecting sleepy, holiday sessions last week, but what we got was red-hot. Markets are back in full swing this week after a surprising surge in stocks.

Both the Nasdaq and S&P 500 exploded to new all-time highs, but the Russell and Dow continue to lag behind. We also saw a notable rally in precious metals, which together with stocks, has the cleanest uptrend in the market right now.

After last week’s surprise, you may be knocked on your heels when you see what the top performing sector last week was.

Here’s a spoiler: It isn’t bearish… Click here to get free access to my Sector Leader Bullseye research and you’ll be out in front of all the profit potential coming our way in Q3. It’ll hit your inbox twice each week… 

Last Chance

Any day now Professor Jeff Bierman will be releasing his first groundbreaking Genesis Cog trade any day now. He’s so confident you’ll be satisfied, he’s offering a 90-day unconditional money back guarantee. 

However, tonight could be your last shot to get into his program before the doors close.