For those of you that don't know, VIX is the "volatility index". It is also sometimes known as the fear index. This measures expected volatility. It is currently free money and here is why:
Unfortunately, this all comes down to Mango man. When sleepy Joe was running the show, stocks were boring. There were no big shocks to the system. The market was working as intended. He was busy looking after the country.
Mango man doesn't give a shit about that, he loves headlines. He loves making wild and unpredictable moves to keep you on the edge of your seat. If he is out of the news for too long he will do something crazy to make headlines. When he does crazy (bad) things, the fear index goes nuts.
Tariff China? Oh shit I'm afraid of what this will do to the market. Volatility spikes. VIX spikes.
With sleepy Joe it never went above 40. Mango got a high score of 52 already.
Everybody is currently waiting with baited breath for a crash. When it happens, if it happens, VIX will spike.
The question is, do you think Mango will do something outrageous that will rock markets in the next few months?
I'm poor so only put down for 2x July 31c. Join me and cheer instead of cringe when Mango invades Chile or whatever.