"50 Cent" again with a mass market bet for market volatility

The trader, nicknamed 50 Cent, again made a serious market volatility bet in the next two months.
He has spent $3.8 million to hedge against potential sales on the market.
The stake is, of course, the volatility index VIX, with options based on it.
This time, the deal includes 74,300 call options of VIX with a strike of 21 and with a pay date in August, with the options being bought at a price of 51 cents.
The stake is very similar to that earlier this month month when 75,000 call options were bought, with a strike of $18 and a pay date in July.
It is already clear where the trader's nickname comes from - namely, by traditionally buying call options based on VIX, with a price of about 50 cents each.
The trader has gained popularity in recent months, in an environment where the volatility index is traded at a record low.
Market observers comment that the trader's new bet is largely related to the expiration of the June options that were part of his portfolio.