How to Play the SPDR S&P 500 ETF Trust

The video discusses the recent surpassing of the VIX 20 mark, indicating increased market volatility. It explores trading strategies involving SPY put spreads and market exposure adjustments. The video also examines options activity in AMD and the broader chip sector, highlighting significant market movements. Additionally, it addresses the implications of VIX levels on market anxiety and factors impacting markets beyond the Federal Reserve's actions.

What is the significance of the VIX level mentioned in the discussion, and how does it relate to market movements?

What are the implications of the Fed's absence in the market as discussed in the text?