Note that the Dollar Value of Range is below 2008 levels because while VIX much higher than those months in 2008, the index is much lower so higher % is actually less in dollars.
This next chart shows that VIX has every year since 1990 traded under 19 at some point during the year --- and many years less than 15. This is not a forecast --- just a hope that history changes and we are not headed there anytime soon as that would imply even worse dollar value of range.
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