The market's fear gauge is still flashing red hot with the VIX standing at an elevated reading...

|By:, SA News Editor

The market's fear gauge is still flashing red hot with the VIX standing at an elevated reading of 41.9, compared to just 15 at the beginning of July. In a sign of pervasive bearish sentiment, one buyer stepped in to purchase 10,000 September 60 calls on the VIX option.