^VIX puts

IS ANYONE buying puts on the VIX????


I see the VIX dropping extremely quickly back to the 40-45 range sometime in the next 2-4 weeks.



40.00 Nov 2008 VIX_WH 6.10 6.90 6.40 1.40 115 787


45.00 Nov 2008 VIX_WG 9.60 10.20 10.10 1.90 23 830

 

^vix will not be down that low anytime soon skee daddy.

 

I believe it drops back to 40-45 as quick as it ran to 60+. Might run to 70 or even as high as 80 tomorrow but when the markets finally do turn up the VIX is going to drop like a rock.