"One or more traders laid out a roughly $40 million bet that the Cboe Volatility Index - often called Wall Street's fear gauge - will break above the 25 level and rise towards 40 by mid-July," finance.yahoo.com
Try to play it with VXX for 1x leverage to the vix and UVXY for 1.5x leverage to the vix. It is a good way to have some volatility protection.
There appears to be a pattern forming that cycles and could signal a pop or swell in the vix. With the way the geopolitical landscape has been, I would assume it would be a pop based on a certain piece of news or an event. A swell would be more worrisome for the overall market. There was a great post here and I can't remember who posted it, forgive me, but they...
