The CBOE Volatility index (VIX) is up 18% on reports that local investor Richard Rowley bought the dip Friday thinking higher prices were a certainty.
“Markets have been choppy past couple weeks but I really felt like it was dip buying time,” he muttered, finishing his fifth energy drink of the day. “So that’s what I did on Friday but of course whoever is in charge found out, and the complete opposite happens.”
As of market close Rowley’s safest plays, his YOLO GME calls, were deeply in the red. He plans on dumping them just before the short squeeze really takes off.