Volatility Bets Highest Since August 2015
As the chart below shows, the spikes in VIX Call/Put ratio has tended to successfully lead a spike in VIX a number of times...
VIX Call/Put ratio (red)
Looking at dozens of charts, I've noticed that the VIX CP ratio tracks small cap stocks the closest...
It tracks Chinese stocks pretty close too...
And it predicts devaluation extremely well...