Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision

Stocks CNBC By CNBC 16 Sep 2026 12:14 1 min read
Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision

The biggest trade in options on the Cboe VIX Index Tuesday was an unusual $6 million purchase of deep, deep in-the-money-puts.

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