VIX

“Well, what I would say is if your view is that volatility is cheap and arguably when the VIX is around 11, 10, nine, it is cheap. You look at any, You know, it's a mean reverting asset and you look at over time that tends to be pretty, pretty attractive level …”

“The VIX averaged about 11, which was its lowest level, I think, since 1990.”

“When there is a storm, it's not good for the policies you've already written, but it's very good for the policies you you're about to write. And if you are sort of a systematic volatility seller with guardrails, like the iron condor strategy, then those VIX sp…”

“In this case, the VIX spike that we saw on the, you know, towards the close of the fifth and the opening on February six was exacerbated by these inverse VIX ETNs that a lot of people were sort of getting into because they looked really good for a long period …”

“When you look at a graph of the VIX over the last, you know, 20 plus years, It's about every 24 months or so that you see one of these spikes where the, you know, the VIX will get up to, you know, certainly 30 plus, if not, not touch 40.”

“I believe it's correct to say that the prints we've had on the VIX and the clothes we've had on the VIX are at all time highs, higher than the financial crisis.”

“Coming into March of 2020, we had about low double digits in cash, but we had all of these puts that we had bought. And so when those puts really paid off, they became an extra significant amount of cash in the portfolio. So the VIX went up into the low eighti…”