Good morning traders, This is not another doomsday thread. I just wanted to get a feeling as to what fellow traders are thinking/planning for with current VIX levels. I know the VIX can go lower and stay there for a long period of time but you just need to take a look at the VIX chart to see how things can turn on a dime. I am bullish on the VIX and preparing for a big push lower in the market over the next few weeks and into September which can be a volitile period. I'm keeping spread widths shorter and getting smaller. I have leftover RUT puts for SEPT at 600. And no, I don't expect to have this in the money. My AUG trades are back ratios. I'm definitely not advising but this may be a good time to get more defensive or have some trades with positive vega/vomma. What are your thougts?