Still a lot of call option buyers out there. Another leg down will probably decrease the implied volatility and reduce the gap between VIX and VXN.
Note
VXN down and VIX up. Divergence and gap are shrinking between VXN and VIX
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.