![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVserULl10-Sq20nnTcUDOWJbR0u7vEQmuFufbkHEqQ5AlH56RgFshbyyK9oK7hTHQ9bzlJhLBDPUtNCmZ3g6Cx54I8wde4B4liLKVcORtI1zaO5_OGIMsHz-BbAj1FzJsZic9tZb8exU/s200/Range+and+Dollar+Value+of+Range.png)
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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