### Comment:
What matters more is the VIX front and second month futures which are tradable. There's currently a huge spread between the two which is why UVXY and VXX rocketed up today. They could easily go down a ton too if market rallies.

### REPLY:
They didn't rocket up nearly as much as past single day moves of this magnitude.  Your comment makes me think you don't really understand the vol world.  VIX means that there wasn't any real adjustment to SPX premium today.  Puts barely got more expensive today.  The market is NOT pricing in a big correction, in other words -- it's pricing in a big rebound if anything.

### END.