The number of shares outstanding in the ProShares Ultra VIX Short-Term Futures exchange-traded fund, which is essentially a leveraged bet on the increase in U.S. equity volatility, surged to a record last month and remains elevated while the ETF has ballooned to $1.6 billion.
Some investors are ready for a Volmaggedon. I always believe that below 25, the VIX is in the buy zone
And the real biggest short squeeze should come from the Short in USD… I pointed out this event on many occasions in our Global Macro Insight.