But if we get a real spike, like the…

But if we get a real spike, like the twelve-point move I just mentioned, they would need to buy seventy thousand VIX futures to off-set that risk. And those seventy thousand futures add up to $37 billion. Can you imagine being short that? There are not even close to that many VIX futures available for that amount of hedging. You will end up in the graveyard."

— from Takeoff Into Chaos · How to Listen When the Markets Speak: Risks, Myths, and Investment Opportunites in a Radic

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