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TSE:HUV
The VIX is a very difficult measure to predict. It is extremely volatile. The VIX historically in Sept/Oct tends to move up about 15% over those 2 months. Going into Nov/Dec, the VIX tends to fall by about that same amount. He would probably tend to Short this through Nov/Dec. His suspicion is that markets will calm down and this should come off a bit.
You have to be pretty nimble to make money on this kind of thing. You have to be right and you have to be right in a very short period of time. Even though you can be right over time, if you are not right over consecutive days, you still might not win on the strategy. If you are expecting volatility, you can sell Calls, buy Puts, put on a Futures Contract, or just Sell and lighten up instead.