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    Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision

    CNBC
    September 16, 2026
    via CNBC

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    Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision

    The biggest trade in options on the Cboe VIX Index Tuesday was an unusual $6 million purchase of deep, deep in-the-money-puts.

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