×

Volatility Playbook: Has Vix Topped Out?

With fear starting to receded every so slightly and the Vix pulling back from 1 month highs, how should you play volatility?

Jeremy Wien, of Peak 6 tells us "lately the Vix has been moving at a high inverse correlation with the markets. If you think we've seen the worst of it, you'll want to bet on the Vix going lower."

How does he suggests putting money to work?Get all the details. Watch the video now!






______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.


Trader disclosure: On Oct 6, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Najarian is long AAPL; Najarian is long C; Najarian is long MSFT; Najarian is long MS; Najarian is long HPQ; Najarian is long MS; Finerman owns AAPL; Finerman owns BKS; Finerman owns GOOG; Finerman owns JPM; Finerman owns MSFT; Finerman owns ORCL; Finerman owns GLW; Finerman’s firm owns AAPL; Finerman’s firm owns BAC; Finerman’s firm owns JPM leaps & puts; Finerman’s firm owns MSFT; Finerman’s firm owns M; Finerman’s firm owns TGT; Finerman’s firm owns GLW; Seymour is long BAC; Seymour is long INTC; Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Dicker is long AA; Dicker owns oil options

For Paul Sankey
Exxon Mobil is a client of Deutsche Bank and has received compensation from Exxon
Chevron is a client of Deutsche Bank and has received compensation from Chevron
ConocoPhillips is a client of Deutsche Bank and has received compensation from ConocoPhilips
Hess Corp is a client of Deutsche Bank and has received compensation from Hess Corp
Marathon Oil is a client of Deutsche Bank and has received compensation from Marathon Oil
Murphy Oil is a client of Deutsche Bank and has received compensation from Murphy Oil. Deutsche Bank owns 1% or more of MUR
Marathon Petroleum Corporation is a client of Deutsche Bank
HollyFrontier Corporation is a client of Deutsche Bank

For Doug Kass
Kass is long TBT
Kass owns INC
Kass owns PRU
Kass owns MET

CNBC.com with wires.