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"It's Very Big Size" - FOMO Sparks Big Bullish, Levered Bets Ahead Of US CPI
As we noted earlier, stocks squeezed higher for the 4th straight day, but VIX (unusually) rose today along with the equity indices (extending the decoupling we started to see on Friday)... chart These are the tell-tale footprints of large levered-long bets being placed as options traders chase the market higher. And, as Bloomberg reports, a number of large, bullish bets were flagged following last week's reports from Goldman's trading desk that they'd seen the largest notional long-buying in a year ahead of tomorrow's CPI print. There were “several examples of investors turning to upside calls for exposure to (or ... (full story)