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It's time to buy ViX again: Trump has issued an ultimatum to Iran, requiring a decision within 10 days between stopping nuclear tests and accepting a full-scale military strike.
Yesterday, I saw a tweet saying someone bought a Call option expiring on May 19 with a VIX strike of 70, costing over $1 million.
I think this strategy is quite reliable; maybe the VIX won't reach 70, but as long as the VIX can fluctuate rapidly above 50 during that period, he can make a huge profit.