Shortly after the collapse of the 'short-vol' trade in February, VIX speculators were ripped into an unprecedented long position (i.e. betting on higher vol) and while VIX has fallen from its peak chaos levels, speculators have added to their 'rising risk' bets. It appears 'Buy the dip' has reached the volatility markets... https://www.zerohedge.com/news/2018-04-16/vix-speculators-have-never-been-longer
This is the worst thing ever that folks can do, longing the fear gauge now, as the fear is starting to subside. And all those long-holders are going to want to sell out as we near the golden X-Mas time this year. I suppose the best hope for the VIX staying high and going up a bit will be the 2018 mid-term elections in November, and an itchy-Twitter finger from the Commander-In-Twits about global trade, Putin's lack of chest hair and Kim-Jong Un's toilet habits.
Putin has no chest hair? Never noticed that. Boy people are detail-oriented nowadays. LOL On the other hand, VIX seems to be in Contango again. http://vixcentral.com/ So good times ahead until Trump, Xi, Kim or Putin, one or multiple of these 4 start(s) yap again.