Replies to post #46369 on Short Term Trading Member Forum

[kenl]

It looks like there was a pretty large $VIX December call spread put on during Fridays session. They bought the 35 calls and sold the 55 calls. Someone with a large amount of cash thinks the VIX is going to run before December options expiration. This is not good for the markets.

Looks like the corrective bounce is over, as you have just stated.