How to Trade-Off Options in the Market

The VIX doesn't determine my P&L if I'm longer 95% put on the S&P. What matters to me is what the vol of that put does, okay? And if the market drifts lower and the VIX goes up, but the fixed strike volatility of the option I own hasn't budged or has even gone down, then I make no money on Vega. We've had actually, yes, the markets gradually being getting comfortable with the Fed getting tighter. There's been a bit of a rush back towards US equities out of things like EM and Europe,. China and Europe are now looking toxic as hell. That's not too orderly a selloff for