BALANCEDSubstantive discussion · 3/5

Rolling VIX 35 calls ahead of seasonal quiet

A large trader was observed rolling short VIX call positions (at the 35 strike) from September to October and November, which was framed as a smart, preemptive move anticipating a seasonally quiet period.

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The story so far

CONTESTED · 21 MENTIONS · 7 EPISODES · 4 SHOWS

27 JUL 2026 — 14 AUG 2026 · YESTERDAY

16 SUPPORT · 3 CHALLENGE · 2 REPEAT

27 JUL 2026 · 3W AGO · FIRST HEARD
CNBC FAST MONEY
- Elevated single-stock dispersion signals market caution
31 JUL 2026 · 2W AGO
THE ALPHA EXCHANGE · 2 MENTIONS
- The speaker argued that near-zero correlation among stocks is holding index volatility (VIX) down to the mid-teens, even as single-stock volatility (VIX EQ) screams higher, creating a historically wide spread.
- Integrated risk: correlation, single-stock vol, and cheap insurance
7 AUG 2026 · 1W AGO
CNBC FAST MONEY
- Market complacency signaled by VIX-stock vol gap
10 AUG 2026 · 5D AGO
THE OPTIONS INSIDER RADIO NETWORK
- Married put strategy for buying at highs
12 AUG 2026 · 3D AGO
THE OPTIONS INSIDER RADIO NETWORK · 3 MENTIONS
14 AUG 2026 · YESTERDAY
EXCESS RETURNS · 5 MENTIONS
14 AUG 2026 · YESTERDAY
THE OPTIONS INSIDER RADIO NETWORK · 8 MENTIONS
- Volatility death spiral post-election
- Deep-in-the-money VIX put spread as financing trade
- VIX 15 puts as cheap downside vol protection · CHALLENGES
- Implied correlation as a future vol trade · CHALLENGES
- VIX meltdown into Jackson Hole
- Short VIX term structure on curve normalization
- Rolling VIX 35 calls ahead of seasonal quiet · THIS IDEA
- UVIX put spread to capture decay · CHALLENGES

HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD