VIX Call Spread – Hedging Against Black Swan Risk (Aug ’25)📌 VIX Vertical Call Spread – Aug 19, 2025 (18/25)
Executed on June 13, 2025
Volatility has compressed near multi-month lows, but the chart shows two major spikes above 45 in less than a year — triggered by macro shocks (Fed surprises, Trump’s “Liberation Day” tariffs, geopolitical escalations like
