VIX Bear Action

VIX on the monthly charts is currently at the third lowest closing point since January of 1990.  The VIX is never really good at measuring anything other than bear stress levels.  It does demonstrate the out of selling ammo condition the market seems to experiencing.   Going up lightly offered is the current mode with inter day selling coming from option maneuvering into the futures as well as some hedging positions.   Otherwise don't under estimate the damage that has been done to the option environment as every downside reach point and all upside readjustments have been re scripted.   Little priced now for a no net circus accident.