50 Cent earned $200 million from his stake on VIX

Do you remember the trader "50 Cent"? No, it's not the rapper, it's the trader with this nickname and known for his constant call-options on the VIX volatility index. In the past year, these stakes had a constant loss, due to the record low volatility.
However, it turns out that patience is rewarding, and after the recent outburst of volatility, the trader is already ahead with $200 million!
In fact, among the biggest winners of last week's fall in US indices was the trader named on the famous rapper. He has earned about $200 million in total from his stake on the volatility index, thanks to his $400 million instilling of his investment, and it's only for a month.
At one point, 50 Cent turned into 30 Cent because of the depreciation of his traditionally traded options. In early February, however, the time for retribution for the trader came when he was rewarded for his patience, commented market observers.
It is unclear, however, whether the price of this profit was "not quite salty." Because, according to many market observers, it is possible that the stake in call-options on the volatility index was a pure sample of hedge or high volatility insurance. But such may have done much more damage than the $200 million profit, the same experts said.