Is It a Par and Above Explosion of Activity?

Jem: We have seen an explosion, to put it mildly up interest in 75 and above strikes in vix. The usual use case was some sort of disaster hedge against like a credit portfolio. But we're alsoe haing a lot of people talking about that on our adviser's option show. He views em as analogous to teeny kind of garbage puts in the s and p whereas you get a decent pop. Jem: I'm curious if you've looked at these gems e, this paper going up, and what are your thoughts on this, let's call it par and above explosion of activity.