I'm buying the vix the volatility index is well below its median number and whenever I do buy into this I usually look at it from a perspective of Something's bound to happen pretty soon when you look at the charts you'll see that sure eventually something will happen with the vix andIt will go higher I may be sitting on the vix my buys for some time and I'll continually buy if it continues to fall lower but my rationale is simple something's bound to happen let's jump in I want to show you a few charts that I'm looking at so you canSee where it is that's driving my Buy Signal for the vix here's a look at the chart but before we talk about that my software has been giving me some headaches I'm sure there's nothing wrong with it but neither the software people nor Apple computer can figure out what'sGoing on this has taken me out for a few days I've not been able to record my audio therefore I was forced to take a week off last week while I toyed around trying to figure out what's going on nonetheless I have loathed that software for two years now ever since I'vePurchased it I will never in a million years recommend it let's move forward I do have a huge backlog of stocks that I will be reviewing again I I couldn't record my audio but I still sat there and went through a lot of the presentations what I'm trying to do overThe course of the next say three four months is put out content on every single stock out there that I cover that I look at maybe not the bottom garbage 10 to 15 to 20. um simply because I feel like we're about to see a big transitionSo I'm going to just continually be turning these things out uh and I do have a lot of backlog nonetheless here is the vix what is the vix it's the volatility index it's also called The Fear index but that is such uh uh it's just a misnomer simply becauseThe vix looks at 30-day options for the S P 500 both puts and calls if there's a big move higher in stocks calls will go higher that doesn't sound very fearful to me that's why I don't really like that word but it's a goodWord to use or name to use when you need to if you look at this chart here this is the daily chart covers about a year and we're well below normal median for this is right around 22. median for let's move forward on one chart for this is lower closer to 19.We're trading at 16 for the vix my attitude is simple something's bound to happen we're in a very big transitional period and because of that maybe stocks get bid higher and therefore option prices start moving higher therefore the vix will move upward I don't see a lot of sort of calmness inThe market and therefore the vix narrowing with bid offer bid offers on calls and puts but if we Look Backwards the vix hit 10. actually I think it was like eight and a half eight point two five I was long the vix back then tooFor a long time but then if you can see there's a pretty decent sized Spike higher multiple times I did pretty well you have to be patient I've not pulled the trigger yet I don't think we're going to see any real kind of sizable moves anytime soonThere are ETFs that you can get involved in to buy the vix I uh off the top of my head I can't really remember what their their symbols are but the spider ETF I know there's one out there and I think it was trading at like fourSo you could buy a hundred shares at four hundred dollars um and hold on to the vix and if it shot up to five which would be a high probability event if vix itself moved up to say from 16 up to say 22. you're going to do pretty wellBut there isn't a one-to-one correlation with those ETFs it isn't like trading the vix there are other variables so if you are sort of following along sitting there saying yeah there's probably going to be volatility coming along and you wanted to jump in make sure you understand whatIt is those ETFs do they are not the index which I trade on out of Chicago it's a little different nonetheless the theory is the same the vix will go up eventually may go down totally understand that and I might be sitting on this for twoThree four months I have no problem with that the eventuality is someone's going to say something something's going to happen somewhere in the world and the vix will go higher it always does sometimes it goes lower first though and I'm willing to accept that nonetheless I've this is what I'm looking atIf this is something that you're kind of looking at saying not a lot going on eventually something will this might be an Avenue for you to explore in the meantime like I said my software knocked me out I have a huge backlog of uh presentations for companies or anyEarnings season a lot of stuff's coming out it was unfortunate my software is doing what it's doing I'm using a workaround still couldn't get it to fix um nonetheless make sure you hit the like and follow button because there's a lot of content coming we'll see in the next video