With the VIX volatility gauge back up over 20 (currently +22.9% to 21.47), someone made money in...

|By:, SA News Editor

With the VIX volatility gauge back up over 20 (currently +22.9% to 21.47), someone made money in a hurry. "An investor sold 25,000 VIX May 20 puts for $2.20 right before the market fell," optionMonster's Chris McKhann says, noting as well pronounced action on May 40 VIX calls - a level last seen in April 2009. Major indexes are presently striking new intraday lows.