VIX
Posts about the VIX index itself — VIX beta, term structure, fear gauge interpretation, and the VIX/SPX relationship.
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Why I'm not buying VIX here yet
When VIX beta collapses, that usually suggests VIX is a buy. But there is something else...
The VIX regime framework
After two and a half decades trading these markets, my core conclusion on volatility is simple. You have to treat it as a series of regimes, not absolute levels.
The setup I'm watching for a VIX play
Most traders watch VIX rip on a selloff and assume single-stock vols are doing the same thing. They're not. And the gap is one of the most exploitable patterns in index options.
VIX beta is telling you something
By looking at VIX beta, this playbook is broken right now, and here is why...
The "fear gauge" is wrong
CNBC has called VIX the "fear gauge" for 30 years. That's just wrong.
VIX is lying to you
SPX makes a new local low. VIX ticks higher. Looks bearish, right? Not so fast.