Everybody wants one number that signals a crash. The VIX gets treated like that button, buy at 30, buy more at 35. Errol Coleman explains why that's backwards. The VIX isn't a buy button or a crash predictor. It's a price tag for uncertainty: the market's estimate of expected S&P 500 volatility over the next 30 days, drawn from SPX options prices here at @CboeGlobalMarkets. 📊 tastylive: tastylive.com 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters: 00:00 No single number calls a crash 00:39 The three questions before hedging 00:55 What the VIX actually measures 01:25 A quick way to translate it 01:49 A brief history of the VIX 02:05 Where is the fear sitting 02:37 Compared to March 2020 02:58 What the VIX does not tell you 03:15 Building the hedge, step by step 04:38 When a hedge makes sense 05:18 The bottom line #tastylive #vix #volatility #hedging #options #optionstrading #riskmanagement #cbo...