VIX vs SKEW : Still volatility below the surface

490
covid crash in march 2020
snapshot

The key takeaway here is that despite SPX bouncing back after each sell off, the vix remains a hair trigger away from causing more damage.

GEX is hovering around gamma zero but every time a move is made higher, an equal move back down follows shortly after.
Negative VEX


MOEX is going to have to open sooner or later, could be counter party risk that will cause that move over 40.

I keep adding puts each time there is a move higher and buying calls on the moves lower.

keep doing what works until it doesn't!

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