I agree...since we have traded the OEX for decades now, and know that the floor traders never (ever) bother with the charts, we would be buying a low VIX, and selling a high VIX...this is basic to all options trading.
They are essentially the same, since the options represent a "synthetic" index (when doing conversions and reversals)...but, as they say, there is more than one way to attack the market.
