The Vix is going up and so are the Vix futures. The stock market is going up along with the Vix, which is atypical (I think happens 16% of the time). The article below is saying that this means a sell-off is imminent because option-investors are buying protection in the form of SPX puts, meaning they're bearish (as though their opinion counts). https://seekingalpha.com/article/41...ket-signal-says-stock-sell-coming-soon?page=2 However, the put call ratio at .64 today shows an imbalance of calls over puts--more calls than puts. It has declined since before the Vix started rising from the 9s to its current level in the 11s. Can the Vix rise along with equities due to call buying, rather than protection buying with puts? Does this have implications for the predictive value (if any) of the Vix?