Listen to Matt, Director of Research @ Kaizen, discuss his 6 year old strategy, The Alpha Seeker, trading Volatility.  He discusses the recent meltdown of VIX inverse strategies that created some major market disruptions.  The Alpha Seeker uses a "Volatility Dashboard" to direct on investing in VIX ETF's and their inverse.  They manage equity exposure thru Volatility trading.  Fascinating stuff, and not for the faint-hearted.  Anyone interested in protecting equity exposure will find this interview to be very interesting.