Optionstrategist iconOptionstrategistSep 15, 2026

So, $VIX is defying seasonality and remaining low; What now? (Preview)

McMillan As we've been commenting for a couple of months now, "everyone" is expecting a rise in $VIX. In classic stock market contrarian fashion, $VIX has steadfastly remained at low levels – countering the majority opinion and frustrating volatility bulls.

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McMillan As we've been commenting for a couple of months now, "everyone" is expecting a rise in $VIX.

That would include us, to some extent, although it is not surprising to me to see the market act in a way that causes the majority to be wrong.

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McMillan As we've been commenting for a couple of months now, "everyone" is expecting a rise in $VIX. In classic stock market contrarian fashion, $VIX has steadfastly remained at low levels – countering the majority opinion and frustrating volatility bulls. That would include us, to some extent, although it is not surprising to me to see the market act in a way that causes the majority to be wrong.

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