*** The man (assuming!), the myth, the......>

OPTIONS: *** The man (assuming!), the myth, the legend is back! The buyer of

way-out-of-the-money call options, the Babe Ruth of VIX options -- aka "50-Cent"

is rumored to be behind the buy of 70,000 May 27 calls at .47 today. Note VIX

near session highs, +1.23 at 17.19 at moment, best levels for month. The account

was well known for scooping up 10s of thousands of very low delta call options

before the CME vol index VIX surged in early February to >50 first time since

Aug 2015, the aftermath of leveraged short vol/inverse VIX ETF hedging. Real vol

delivered: VIX fell to 22.42 low and rebounded to >46.0 in 40 minute period.

Stories have been making the rounds ever since over sophisticated algos to

manipulate the VIX by flashing large orders on S&P options. Can we see more

extreme swings in the index,? Absolutely! Stay tuned.