interesting that the VIX is up only 3% today despite another big drop in stocks.
not sure what that means. probably not much - sounds like institutions bought their puts yesterday in a mad rush - driving the vix up 50% in one day.
and with the VIX at these levels the algos are going to start buying stocks no doubt -that has worked every time for a few years.
the joker here is the virus...it's a extraneous threat...not normal. It doesn't follow the laws of supply and demand so it's a black swan that could really play havoc with the algos. The algos go by past results...but in a true pandemic past results do not apply.