Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision

The biggest trade in options on the Cboe VIX Index Tuesday was an unusual $6 million purchase of deep, deep in-the-money-puts.

# Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision The biggest trade in options on the Cboe VIX Index Tuesday was an unusual $6 million purchase of deep, deep in-the-money-puts. **Read the full article:** [CNBC](https://www.cnbc.com/2026/09/16/bizarre-volatility-bet-in-the-options-pits-is-a-head-scratcher-ahead-of-fed-rate-decision.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*