A mysterious trader known as '50 Cent' may have bet millions that volatility in the stock market will explode - Link "Late in Tuesday's trading, someone bought 100,000 $VIX May expiry 50 strike calls for $0.50. And [Wednesday], another 50k contracts were bought for $0.51." VIX May 17th $50 Call Let's join in the fun on any VIX close above 21: Buy VIX May 17th $50C (0.60-0.63) VIX Short Term (120 Minute) - Aggressive EW, but possible into March-Apr Note: An hour into Friday's session another 3,700 of these VIX May $50 Calls have traded and there is huge Open Interest in near-by May OTM strikes: