The Low-VIX-During-a-War Paradox: Why 30-Day Implied Vol Stays Calm While the Intraday Tape Whips
The US is in its fifth month of conflict with Iran, semis are selling off for a second day, and the VIX is loitering near 16.5. Here's why 30-day index implied vol can read as calm while single names whip by double digits intraday, and what that paradox means for anyone trading same-day options.