Vol Panic Index spikes back into the panic zone

The gauge is back where nobody wants it. The Vol Panic Index printed "9.57 on 5 Nov, pushing the index back into the panic zone" (9.5+), its largest two-day swing in the series' history. On a 0-10 scale that has oscillated between 2 and 10 since 2007, this is about as pinned as it gets.