An infamous mystery trader refuses to give up on a bet that the stock market will go nuts

Warner Bros. A trader just rolled over a massive volatility bet that could pay out $262.5 million if all goes according to plan. The wager is on a large increase in the CBOE Volatility Index, which serves as the stock market's fear gauge, and has been suppressed for most of the past year. The stock market may be grinding out new high after new high, but one trader is remaining steadfast on the view that turbulence is right around the corner. Just six weeks after rolling over a massive wager that...