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A large call option trade on the VIX with a strike of 150 by year-end has the writings of the "50-cent trader."
The strike of VIX at 150 is an example of extreme tail risk; at that level of volatility, the 2008 financial crisis would look like a small event.
The trader buying extreme outcomes for the VIX at 25-cents shows that equity markets are concerned about a vortex of spiking energy prices and Fed tightening.