VIX appears to be being sold, against the common sentiment of bearishness. This suggest that the big players are bullish. I believe that being short on VIX is a smart play for upcoming few months.
Considering the radical change in the markets direction since this was written, do you have a new view on VIIX?
iotaofchaos
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@Gavinstutrud1108, No, I am still a bear on VIIX. The declining bullish volume with 2 trillion bail out suggests that we are beyond or close to the volatility top. An interesting question to consider is how it will decline- will it go down gracefully or not?