Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision
Published . Updated .
The biggest trade in options on the Cboe VIX Index Tuesday was an unusual $6 million purchase of deep, deep in-the-money-puts.
Directly affected
- No company is named in this report.
Indirectly affected
- TLT iShares 20+ Year Treasury Bond
Long-term bonds move when yields change
- IEF iShares 7-10 Year Treasury Bond
Treasury bonds move when yields change
- SHY iShares 1-3 Year Treasury Bond
Short-term bonds move when the Fed changes rates
- SPY SPDR S&P 500
Stocks move when the Fed changes the rate path
- JPM JPMorgan Chase
Bank profits move with lending and interest rates
- BAC Bank of America
Bank profits move with lending and interest rates
- GS Goldman Sachs
Bank profits move with lending and interest rates
- XLF Financial Select Sector SPDR
A fund of financial companies
- KRE SPDR S&P Regional Banking
Regional banks are sensitive to interest rates
- FAS DIREXION DAILY FINANCIAL BULL 3X ETF
GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
The biggest trade in options on the Cboe VIX Index Tuesday was an unusual $6 million purchase of deep, deep in-the-money-puts.
Source: CNBC Top
Direxion Daily Financial Bull 3X Etf (FAS) since this story, compared with the market
Since the first closing price after “Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision,” Direxion Daily Financial Bull 3X Etf (FAS) is -5.21%. The S&P 500 fund (SPY) is +0.52% over the same days, a -5.73% difference versus the market.
Who gains and who loses around Direxion Daily Financial Bull 3X Etf (FAS)
Companies tied to this story
- FAS Direxion Daily Financial Bull 3X Etf
For “Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision,” Direxion Daily Financial Bull 3X Etf (FAS) is linked, with no stored direction, medium confidence. Reason on file: GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- NVDY Yieldmax Nvda Option Income Strategy Etf
Yieldmax Nvda Option Income Strategy Etf (NVDY) is linked, with no stored direction, medium confidence in the 16 Sep 2026 story “Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision.” Reason on file: GA selected NVDY as a RELATED security because its canonical security name directly matches this event's themes: options. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- TSLY Yieldmax Tsla Option Income Strategy Etf
For “Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision,” Yieldmax Tsla Option Income Strategy Etf (TSLY) is linked, with no stored direction, medium confidence. Reason on file: GA selected TSLY as a RELATED security because its canonical security name directly matches this event's themes: options. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- XRPI Volatility Shs Tr Xrp Etf
For “Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision,” Volatility Shs Tr Xrp Etf (XRPI) is linked, with no stored direction, medium confidence. Reason on file: GA selected XRPI as a RELATED security because its canonical security name directly matches this event's themes: volatility. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- AGZD Wisdomtree Interest Rate Hedged U.S. Aggregate Bond Fund
In “Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision,” Wisdomtree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) is linked, with no stored direction, medium confidence. Reason on file: GA selected AGZD as a RELATED security because its canonical security name directly matches this event's themes: rate. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- CHPY Yieldmax Semiconductor Portfolio Option Income Etf
In “Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision,” Yieldmax Semiconductor Portfolio Option Income Etf (CHPY) is linked, with no stored direction, medium confidence. Reason on file: GA selected CHPY as a RELATED security because its canonical security name directly matches this event's themes: options. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Direxion Daily Financial Bull 3X Etf (FAS)
On 16 Sep 2026, “Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision” is the story that connects Direxion Daily Financial Bull 3X Etf (FAS) to this story.
For Direxion Daily Financial Bull 3X Etf (FAS), the reason on file says GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Also listed, Yieldmax Nvda Option Income Strategy Etf (NVDY): GA selected NVDY as a RELATED security because its canonical security name directly matches this event's themes: options. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
The price range for Direxion Daily Financial Bull 3X Etf (FAS), and the dates in the story
FAS traded between 136.16 and 161.95 across 20 sessions. The latest close on file is 152.93. NVDY traded between 11.63 and 13.18 across 20 sessions. The latest close on file is 11.86. TSLY traded between 20.47 and 23.19 across 20 sessions. The latest close on file is 21.46.
What the saved facts support for Direxion Daily Financial Bull 3X Etf (FAS)
46 out of 100
“Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.