Does VIX really matter?

Quote from S2007S:

I think VIX is headed into the 40's. Maybe today if we get another massive sell off which looks to be like were headed at the moment.
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For the last year, the VIX range has been about 16-32/38. "If it's headed into a new range", it a reading in the 40's may not mean much.

Perhaps the new range will be 25-50? If so, it will have to demonstrate that for a while before the VIX is of any value. (however, buying around 50-55 was good in the Tech Wreck)
 
Quote from atticus:

There is no trading range in VIX. Ask the guys short GS and MS CDS markets. Belief in a trading range gets traders short vol the day before the crash. I can't believe the shit I read on this site.
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If there is no trading range in the VIX, in what market is there a trading range?
 
Quote from atticus:

Again, the wealth of negative edge on this site never ceases to amaze me. Sure, a range of 10 to 170. Remember, it's not a loss until it's booked! The majority of posts on this site are made to fade. Don't forget to sell the rip and buy the dip!
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Ah - you are trying to define the first infinite-lifespan trading range in financial market history. Your problem with gnome's post is pure semantics.
 
Since option market-makers can no longer go short stock ( as a hedge ) without an uptick, this must be factored into implied volatility.

This will have an effect on the VIX.
 

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Quote from Landis82:

Since option market-makers can no longer go short stock ( as a hedge ) without an uptick, this must be factored into implied volatility.

This will have an effect on the VIX.
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No Wags, MMers will be exempt from this absurdity.
 
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