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Originally Posted by juan valdez
Intersting to note vix was up 2 bucks even as s&p were only down 6. Definitely an unusual move in the vix over the past year. Vol has been crushed every time its creeped above 11
I kind of don't really want to talk about the VIX for personal financial reasons at the moment, but the move over the last few days has actually been smaller than the move in 5-day historical volatility. It tracks 5-day historical volatility pretty well (and is usually at a premium to it).
Also, just a nitty thing, but VIX is a percent. It moved from 11%-ish to 13%-ish. It is still pretty low.
The value of VIX is way more important than the change in VIX unless you are trading VIX futures. Kind of, in a way, like saying that the temperature doubled from 5 to 10 degrees.