Why the VVIX at 88 Signals Hidden Options Risk

The VIX is low—15.84—but the VVIX, which measures volatility of volatility, sits at 88.78. Lucas and Luna explain why that gap signals real tail risk for options traders and index investors. They walk through the mechanics of the VVIX, how it diverged from the VIX this week, and what it historically means for portfolio hedging. If you own any leveraged ETFs or sell options, this episode is a concrete warning. They also connect it to the current yield curve steepening and the broader macro picture as of July 2026. #VVIX #VolatilityOfVolatility #OptionsRisk #VIX #TailRisk #MarketVolatility #Hedging #PortfolioRisk #YieldCurve #OptionsTrading #Derivatives #RiskManagement #BearMarketPodcast #Fexingo #FexingoBusiness #BusinessPodcast #Finance #Investing Keep every episode free: buymeacoffee.com/fexingo