Volatility Index VIX Making A Come-Back?

I generally hold the opinion that when the VIX is at or below 20, we should see some major selling. Well, it’s around 25 and breaking out from a major wedge chart pattern. All of this combined with the fact that we are firmly in a new downtrend on the major indexes…I’d venture to say that the VIX will be headed higher sooner.

If you are an option seller like us, wait until the VIX gets higher before starting to sell options heavily. The higher the VIX is the more premium you will get for your options (i.e. the more money you make).