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Peter Tchir, head of global macro....>

US TSYS/STOCKS
US TSYS/STOCKS: Peter Tchir, head of global macro strategy at Brean Capital,
said that "selling volatility is crowded and dangerous now." He quipped that
"you know a trade is getting crowded when my parents start asking about it. You
know just how one-sided something is when people think that even Chuck Norris
can't make money buying vol."
- He added that "last week's spike in VIX has brought out nothing but sellers of
volatility. So the title of this is misdirection, as I think selling VIX is very
crowded and fraught with danger and would be buying calls linked to VIX rather
than selling."

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