How the VVIX at 93 Signals Real Options Risk

Lucas and Luna break down why the VVIX—the volatility of the VIX—at 93 is a clearer risk signal than the VIX at 16. They explain how options dealers are pricing tail risk despite calm index levels, what this divergence means for portfolio hedges, and why the VVIX's recent climb from the 80s matters more than its absolute level. They point to the steepening yield curve and the Warsh Fed testimony as macro reasons dealers are nervous. If you've relied on a low VIX to stay bullish, this episode shows why that might be a mistake. #VVIX #OptionsRisk #Volatility #VIX #TailRisk #Hedging #PortfolioProtection #YieldCurve #KevinWarsh #FedPolicy #MarketRisk #Derivatives #SP500 #Finance #Investing #BearMarketPodcast #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo