The stock market was more volatile this week, and VIX stopped it's current decline. Whether this is merely a pause in the current downtrend, or signal that the lows in VIX have been seen, is anyone's guess.
The bulls remain in control of this market, but the bears are not in hibernation. I can hear them growling. Maybe it's just that noise than keeps option buyers in the marketplace. Those buyers support option prices, and IV does not tumble.
Perhaps I'm grasping at straws in an effort to understand what's happening with VIX. As the future unravels, we will learn more.
Lessons of a Lifetime:
My 33 Years as an Option Trader
by Mark D Wolfinger