Green Shoots of Fear

Never underestimate the "power" of VVIX

On November 13 (here) we reminded our readers about the VVIX vs VIX gap and suggested: "We would start to look at "early" VIX hedges..." VIX has gone from 14 to printing 18 as of writing. The VIX long case is less attractive here, but the gap vs VVIX remains very wide.