Pravit Chintawongvanich, whose opining on options and other derivatives made him one of the best-known voices in volatility markets, has left Macro Risk Advisors, his employer of the last five years.
Chintawongvanich, who chronicled the exploits of traders who became known as the “VIX Elephant” and “50 cent,” left the New York-based research firm to pursue other opportunities, Macro Risk Advisors said in a statement. He had been head of derivatives strategy.
Among his discoveries were data footprints left by anonymous traders placing giant bets in VIX options. Someone he dubbed the “VIX Elephant” sold about 260,000 March $15 calls on Feb. 6, while buying the same number of March $25 calls and March $12 puts, one day after a record rally in the options benchmark.
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