After the quickest collapse since the first week of the year (another congressional "fold"), spot VIX is now heading towards its highs of the day. The divergence between an ever-rising demand for the S&P 500 at all-time-highs and the bid for VIX is notable to say the least... or is this demand for calls (because when you know it's going up, why not lever up as much as possible?)...
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