Amrith Ramkumar, WSJ, has a nice piece on the trading the VIX, one year later, here…
”Speculators, a group that includes hedge-fund investors, trimmed bearish VIX bets late last year, as they anticipated greater turbulence in the market.
They cut net bearish VIX bets from a high of around 133,850 positions in September to about 22,800 in December, data from the Commodity Futures Trading Commission show. It is unclear how speculators have shifted their bets in 2019, as equity prices recovered. Because of the partial government shutdown, the latest CFTC data available is only through Dec. 24.”
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