“50 Cent” is back. Or at least, a pretty convincing impersonator who spent $5 million on volatility hedges this week. The mysterious buyer, or buyers, earned the nickname -- a play on the rapper Curtis Jackson, known as “50 Cent” -- after relentlessly purchasing huge lots of call options tied to the VIX at around 50 cents a pop. A nearly identical trade was put on over the past two days, likely intended as a hedge, betting that equity-price swings will rip higher with the Cboe Volatility Index sitting below its two-year average. On Tuesday morning, 50,000 call options with a strike price of 28 were purchased at 50 ... (full story)