Market volatility has rarely been higher: Call options volume on the Volatility Index, VIX, hit ~1.5 million contracts last week, the 6th highest reading on record. Volumes have DOUBLED over the last few weeks with the rise in market uncertainty. By comparison, during the August 2024 selloff, call options volume hit nearly 2 million contracts. This comes as the volatility index, VIX, jumped ~13 points or ~100%, to 28, in 3 weeks. Is there too much fear in the market?