tasty Extras - January 28, 2021 - Looking at IV Explosions
The VIX has seen some wild days, but they are NOT the norm...with a 14 point move we just saw yesterday happening just 1 out of 1000 days. Even a 1 point or greater move in the VIX happens just 1 out of 3 days. The largest VIX moves (like yesterday) are 100% unpredictable, meaning the best course of action is to mind your trade size no matter what you think of the market.