If anyone is worrid about the election, it ain't vol traders right now. Take a look at the collapse of VVIX since the final debate:
This price action seems to price in divided government which the market seems to want.
The OVX settled just over 32% today. This is the cheapest oil prmeiums have been in the last year and near 2 year lows.
Take a look at the current term structure of VIX futures (yes I know we discuss this alot but its been fascinating):