VIX - from exuberance to "serious" fear

Exuberant VIX is long gone (the gap earlier this month). VIX has moved sharply higher and is now trading with an "inverted" gap vs SPX. We are not seeing panic yet, but definitely some real fear hitting this market. Our VIX logic (outlined on Sep 15 <a href="https://themarketear.com/newsletters/b2bd16d12dd6838d78ada399a95fbad8&q…; rel="noopener noreferrer" target="_blank">here</a>) has worked out very well, but don't forget to roll those VIX calls in order to capture max optionality.