Rumors or facts are circulating outside of DC for once. It looks like a midsize hedge fund had to close a short contract position and helped the VIX to a nasty settlement on Wednesday by helping up the IV in SPX. The Total Tuesday Vol Crush gave way to the VIX pop on Wednesday and early Thursday. What it did set up was a strange dynamic in the VIX futures.
We all know its important to be aware how much a stock is moving relative to implied volatility. We would encourage traders to take a look at how GS has been moving and where they are pricing volatility