How the VIX at 17 Changes Your Options Strategy

With the VIX hovering around 17.65 and the VVIX plunging 10.8 percent to 88.71, options sellers are feeling emboldened. But is low vol really low risk? Lucas and Luna look at the gap between the VIX and VVIX, examine what happened to tail-risk hedges in the first half of 2026, and walk through a real-world example of selling puts on the S&P 500 when the VIX sits at 17. They discuss why the VVIX's collapse may signal complacency, not calm, and how investors can avoid getting caught off guard. The hosts also touch on the uncanny drop in the yield curve spread to just 28 basis points and what that flattening means for volatility expectations going into the second half of the year. A practical, data-driven episode for anyone who trades options or hedges portfolios. #VIX #VVIX #OptionsStrategy #TailRisk #Volatility #S&P500 #YieldCurve #BasisPoints #Complacency #Hedging #PutSelling #MarketRisk #Finance #BusinessPodcast #FexingoBusiness #LucasAndLuna #BearMarketPodcast #OptionsTrading Keep every episode free: buymeacoffee.com/fexingo