​VIX Ratio Put Spreads Offer Brexit Protection, While Profiting If Nothing Happens

Investors should look at entering ratio put spreads on the CBOE Volatility Index selling one 18 or 19 put and buying three or four 15 or 16 puts in a bid to make money if the U.K. votes to stay in the E.U., while protecting from higher volatility if a leave vote is returned.