### Comment:
You are correct. CBOE made this to make money. It was supposed/in theory to show what market participants think about future volatility but in reality it's a point in time indicator of risk sentiment.

### REPLY:
Time and time again, studies have shown that VIX is mean reverting.  The studies also show that VIX is overstated in terms of actual moves. 
  
 Do you like playing a statistically profitable game?  This is it.

### END.