Mystery Option Buyer Nets Fast $12 Million Gain on Stock Slide
https://s.yimg.com/ny/api/res/1.2/nzZV7NgqRnTpXbpRhACBlA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://media.zenfs.com/en/bloomberg_markets_842/ce679a2135b0e11d2c193e3c767d8559
https://finance.yahoo.com/news/mystery-option-buyer-nets-fast-204650077.html
The US stock market experienced a sudden spike in volatility, causing the S&P 500 index to drop 2% and the VIX to jump from 16 to 22. This sudden change in market conditions rewarded a late-Friday options buyer with a $12 million paper gain.