Ambrus Group

The CBOE Volatility Index (NYSE: VIX) fell below 19.5 level in a mixed day for Wall Street on Wednesday. On CNBC’s "Options Action," Kris Sidial of the Ambrus Group said there was a buyer of 85,500 of the May 30/32-call spreads, 83,100 of the June 32/34-call spreads and 83,000 of...

The correlation of stock moves, versus option activity, has become more pronounced over the past few years, and even more so after the pandemic sell-off. This comes as the demand for options is transmitted to underlying stocks via the risk management of market makers who, during outlier events, are...