When the Options Market Pays Up for a VIX Jump.
The VIX vs VVIX Radar reads the volatility of volatility. VVIX is the implied volatility of VIX options, how hard the market is bracing for the VIX itself to jump. The radar shows where VVIX sits in its own history right now and, on past days when it was this elevated at a similar VIX level, how often the VIX went on to spike.
Most traders watch the VIX and stop there. But the VIX can sit quietly while the options on it grow expensive, and that second layer, the price of insurance on the insurance, is where the early warning lives. The decision-relevant question is not just where the VIX is, it is how much the market is paying for it to move, and what that premium has meant for an actual spike.
A high VVIX is not a guarantee and a low one is not an all-clear: what follows depends on how elevated VVIX is by percentile, where the VIX itself sits, and the window you care about. Vol-of-vol screaming with the VIX already at 30 is a different setup from the same reading with the VIX at 14. The radar conditions on both at once and reports the forward spike odds from the matching history, so you read the warning in context rather than from a single number.
A live VVIX percentile, the forward VIX-spike odds from matching history, a VIX move-probability chart, a spike-risk banner, and a full log of past days with a VVIX and VIX reading like today's.
Where vol-of-vol sits in its full history right now, from complacent to bracing for a jump.
On past days this elevated at a similar VIX level, how often the VIX went on to spike.
The chance the VIX rose at least 5, 10, 15, or 20 points within 5, 10, or 20 trading days.
Matches today on both the VVIX percentile and the VIX level, not on one in isolation.
Turns red when history put the odds of a +20 VIX move within 20 days above 5%.
A full log of every past day with a VVIX and VIX reading like today's.
See whether the options market is complacent or bracing for a jump, scored against the full VVIX history.
See how often the VIX actually spiked after similar vol-of-vol readings at this VIX level.
Read the chance the VIX reaches plus 5, 10, 15, or 20 points within the window you care about.
Open the log of past similar VIX and VVIX setups. Check the sample size and whether the matches cluster in one regime before trusting the odds.
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