Today we saw both the VIX futures and SP500 futures (ES) rise as the stock market hit new record highs.
SP500 at Record Highs
Today was the first day VIX H contract trading as the front month. There was a lot of pressure to push up VIX today.
The word in the pit was that there was a large call buyer in VIX betting on a rise to 16 by March.
The front Vix calendar hit a high of 1.94 on Monday and has since been going down, closing at 1.22 today.