​Daily Bulletin: Wednesday Feb. 25

Sizable flow was seen in the VIX today, as one investors opened up a strangle trade on the benchmark following further declines. The trade buys March 14.5 puts and May 20 calls on the VIX costing 2.20, with the strategy executing near 68,000 times. SPY also saw decent flow today, with an investor buying March 203 puts 50,000x for .61c. also in the U.S., we talk to a Canadian pension and endowments manager looking to increase their expertise in equity neutral strategies. In Europe, London-based StoneHedge Partners has hired Theodoros Pitsillides, an ex-structured products salesman at Armajaro Securities in London.