Question: On February 1 5 th 2 0 2 4 , the CBOE s VIX index was trading at 1 4 . 5 7 . Explain

On February 15th 2024, the CBOEs VIX index
was trading at 14.57. Explain how you would interpret this figure in
terms of the US stock market.
Assume that a trader forecasts that VIX would
increase to 20 by the end of June 2024.
Describe any one strategy that a trader could
employ to profit from this opinion. Explain
briefly what factors the trader should consider
in designing this strategy to benefit from a rising VIX

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