Equities reached lifetime highs pretty much every single day this week, and the VIX is just about to reach an 11-handle. I just wanted to illustrate for you, going back many, many years, just how low we are with respect to volatility. Examine how infrequently we are at these levels! I have been loading up on puts CHEAPLY these days, since the entire stupid market is convinced that stocks never go down, so premium is basically FREE.
