Trade Options on the VIX

Carter: VIX, of course, is it's not never trends, right? It always has basically sort of range ban with great spikes. The thing about spikes is they're associated with flash crashes, right? Or something that's pretty dramatic on a day to day, week over week basis. We really haven't had that, right? This has been a drip drip drip, which is what a proper bear market is and I would say no. Carter: Here's a trade. If we had it down 5% in the S&P from here, we're going to have a mid to high 20s VIX. In my opinion, you do some math on that.