An SPX trade taking advantage of the VIX

 
Over the past few days, the SPX seems to have stabilized after hitting a double bottom in January. The VIX has fallen to about 19, after climbing to about 23 in the last week.

 

Given that we expect stability, the VIX can be expected to fall into its normal range of the mid-teens, and this trade idea takes advantage of this.

 

Watch video below