Time to hedge - VIX guy is back

The recent move higher in SPX has resulted in an epic vol reset with VIX trading at post corona levels, currently around 16.5.

Vol is not dirt cheap given the low realized vol environment, but there are risks to consider going forward.

Boring market yes, but we just had one of the most exciting calls in a long time. The VIX guy called us earlier today explaining his latest market thoughts. You can sum up his logic with;