Hedging a Market Pullback Using The VIX

The optionMONSTER Volatility Sonar reported yesterday that someone bought 25,000 Sep $37 VIX calls for 0.65. "It's a continued hedge on a major pullback". VIX futures have been trading at a premium to spot recently which is interesting (charts). Today the VIX is up 5.56% to 26.38. I'm also watching for a USD breakout.



$VIX Spot - ready to move??