With ETF shares outstanding spiking and near-record short futures exposure in the VIX complex, something is breaking as after-hours trading is showing some significant moves higher in VIX futures and ETFs. Whether this is a short Vol margin call or, as some havs suggested, delayed dark pool prints showing up, it is sending algos scrambling…

VIX Futures surging after hours…

 

as VIX ETFs spike…

 

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