BTW - I did take the plunge and trade some /CL. It was CRAZY the first 10 minutes of trading so I didn't touch it. I waited until it drew back a few bucks and went long. DId alright ;-)
But I have to say - I am still scratching my head over that overload of VIX calls for the 16 Oct expiration date. That's nuts and really has me thinking.....
There is a more complicated part to it that I haven’t wrapped my head around yet. I thought I bookmarked the tweet that explained it for further review but didn’t.
It is about how that trade effects the overall market on expiration.
Btw, Mr 50 cent has been around for awhile. people watch for the trades.