Quote Originally Posted by GambleBotsChafedPenis View Post
Quote Originally Posted by sonatine View Post


h/t zerohedge:

VIX ramped as a major Chicago market maker was caught in the infamous gamma short squeeze, which forced them to keep buying the VIX as the VIX soared, in the process ending the VIX even higher, only to get margin called out of their position by their clearing firm, puking their entire position while liquidating anything they could, and unleashing the VIX selling avalanche and the 700 Dow point rally.
am I the only sick fuck who would like to be in the room to see this going down in real time?
I know the guys. Belvedere Trading. Though that explanation doesn't make sense. Buying vix while Vix goes higher is an ideal situation. Their risk team sucks dick if one of their teams can dump the whole company. Most Chicago guys that have been around a while are much more sophisticated.