As an optimistic jobs report helps stocks rise and investors shrug off recession fears, one options trader is betting volatility is on the way out
An optimistic jobs report is helping stocks recover from this week's brutal sell-off, and helping investors shrug off onrushing recession fears as unemployment hits a new 50-year low and payrolls rise by a better-than-expected 136,000.
If the index were to remain right in that sweet spot, it would certainly be welcome news for one options trader who placed a big bet on exactly that scenario playing out, as Optimize Advisors President Michael Khouw said Thursday on "weekly options in the VIX were trading quite a lot," said Khouw, "I saw a seller of 7,500 of the 28-strike calls to buy the 16-strike puts."
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