Brian Stutland Sees A Bearish Options Activity In VIX

On CNBC's Options Action, Brian Stutland spoke about options activity in VIX. Options volume was 1.5 times higher than the average daily options volume. A lot of traders were betting recently that the market is going to sell off and after it fell 2.5 percent they are taking profits. Stutland noticed on Monday that 56.000 contracts of the June 18 calls were sold in VIX for $0.41. The break even for the trade is at 18.41.