A MASSIVE Bearish Bet Against Banks Has Traders Buzzing

Thanks for the bump,

Now more traders are going in...


16.00 XLF130420P00016000 0.14 0.01 0.14 0.15 40,597 409,683
17.00 XLF130420P00017000 0.33 0.02 0.32 0.33 20,950 242,356

Any particular bank?

It's for the market over all, so someone knows it will hit all:

Let me guess, if they lose the bet it's someone else's money, if they win its' theirs?

Some Trader Has Made A Very Big Bet That Something Very Bad Will Happen Within The Next 60 Days
Sam Ro | Feb. 6, 2013, 9:37 AM | 10,990 | 29

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CNBC
Stocks have been rallying relentlessly to post-crisis highs.
Meanwhile, the volatility index (aka the VIX, aka the "fear index") is near historic lows.
But according to UBS's Art Cashin, some options trader has made an enormous $11.25 million bet that the VIX will explode higher very soon.
And a rally in the VIX is usually accompanied by a drop in the stock markets.
From this morning's Cashin's Comments (emphasis ours):
A Very Big Bet In A Somewhat Unlikely Instrument – My friend, Jim Brown, the ever-alert consummate professional over at Option Investor pointed us to a rather unusual trade. Here's what he wrote in last night's edition of his valuable newsletter:
In past years I have reported on trades that were so large it appeared someone had inside knowledge of a pending event. Sometimes those were massive put positions on the S&P. A new trade just appeared that suggests there will be a market event in the near future. Last week somebody put on a call spread on the VIX using the April 20 and 25 puts. They bought 150,000 contracts for a net of $75 per contract. That is an $11,250,000 bet that the VIX will move over 20 over the next 60 days. You would have to be VERY confident in your outlook to risk $11 million on a directional position with the VIX at five year lows and the markets trying to break out to new highs.
Jim then goes on to list some of the scheduled events and deadlines visible over the next 60 days (mostly in Washington). When you add in the broad variety of geo-political possibilities, it's a decent reason to stay extra alert.
Hopefully, this person is wrong.


Read more: [link to www.businessinsider.com]

Let me guess, if they lose the bet it's someone else's money, if they win its' theirs?


YEP

When do these put options expire?

When do these put options expire?

4/13/2013

9 weeks to go. Okay. Thanks for the heads up!

Heres today's # looks like more are buying

XLF Apr 2013 16.000 put (XLF130420P00016000) -OPR
0.15 0.02(15.38%) 3:25PM EST
Add to Portfolio
Prev Close: 0.13
Open: 0.15
Bid: 0.14
Ask: 0.15
Strike: 16.00
Expire Date: 19-Apr-13
Day's Range: 0.14 - 0.15
Contract Range: N/A - N/A
Volume: 40,598
Open Interest: 409,683

9 weeks to go. Okay. Thanks for the heads up!


No I think it's more like 4 weeks, you dont buy that much $$$ and go down to the wire.

o I think it's more like 4 weeks, you dont buy that much $$$ and go down to the wire.


You need time to take the retails money.

BTW: it s 4/19/2013

DHS Insider: Obama’s cyber warriors & preparing for collapse

The printing press will make them worthless PUTS !

Billionaires Dumping Stocks as we Speak!!!!

The printing press will make them worthless PUTS !

1st YES, over months

2nd Roll profits to oil ASAP

Lots of turmoil in the PM markets lately too. We may be witnessing something soon.

While certainly something to keep an eye on, i have heard this before.

....and nothing substancial occurred.

Billionaires Dumping Stocks as we Speak!!!!
[/quote

??? Link, story, where are you seeing this?

This is the end game, great interview with Hong Kong MM

[link to www.kingworldnews.com]

KWN claims this being the endgame for years now. Just saying. Keep watching.

KWN claims this being the endgame for years now. Just saying. Keep watching.

1st Agree

2nd this is not them saying it but an insider,

Yeah. Always insiders on KWN.

True... but haven't things been going down for years just as if it were the endgame? It must take a long time to loot system.

Great interview!

True... but haven't things been going down for years just as if it were the endgame? It must take a long time to loot system.

I think this is the flush

13

and another


13

As of late Gold hasbeen hovering at 666 more than once or twice. If it keeps it up there willbe a big drop in gold sht-paper.

When the paper goes down that is the time for poor man to buy/have gold. Father loves the poor.

Haggai 2:8:
The silver is mine, and the gold is mine, saith the LORD of hosts.

Ron Paul:
Federal Reserve:
[link to www.youtube.com]

Ron Paul's Urgent Warning On The Inevitable Collapse Of The Dollar:
[link to www.youtube.com]

Kennedy 11110:
[link to www.youtube.com]

can you explain in more detail what the ETF is that they bet against?