There is no appetite for put buying, the market is unhedged, says Paul Kim. He discusses how stocks fade from an early rally after the October PPI report. He talks about how the U.S. imposes additional sanctions on Iran and Russia. He then goes over what a falling VIX means for investors. He notes how hedge funds have already de-grossed as well as there is less fuel for more selling. Tune in to find out more about the stock market today.