What is the significance of the VIX in the context of market volatility?
Options Insight: How Low Can the VIX Index Go?
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The video discusses the recent jobs data and its impact on the NASDAQ and S&P, highlighting a potential record high. The conversation shifts to the VIX, with predictions of it settling lower than pre-2008 levels. A trading strategy involving VIX futures is also explored, with expectations of a profitable outcome by the end of the week.
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Describe the trading strategy mentioned regarding the August futures and VIX.
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