This is one of my favorite pieces from Option 911 that I do not think was read as much as it should have been. Take a look, let me know your guys thoughts:
The VIX was up today but implied volatilities did not increase. This is the classic flaw of the VIX, it is a Vega weighted index, thus if the SPX falls down the skew curve it will read up.
There is a lesson to be learned in any trade. That is the whole purpose of this blog.
You are spot on the analysis that VIX predicted non event employment event.
The straddle is now 18 USD.
I enjoyed your article "How Market Makers buy units to stay in business" and I use the information for my Iron Condor and Calendar trading.
Another case of emergency for me would be
The VIX briefly dipped below 19 today. Part of this has to do with the fact that real volatility in the market continues to fall.