To hear my thoughts check out this video

Trading VIX for Profit.

The new 1dte VIX instrument , or CBOE Volatility Index, is a measure of the expected volatility of the S&P 500 index over the next day. Here are some ways you could potentially use the VIX to make profits in the stock market:

1. Trade volatility options: You can trade options on the VIX itself or on other indexes or stocks. For example, if you expect increased volatility in the market, you could buy VIX call options or sell VIX put options.
2. Hedge your portfolio: You could use VIX futures or options to hedge your portfolio against potential market downturns. If the VIX rises, it can indicate an increase in market volatility and potentially a downturn, so holding a position in VIX futures or options can help offset losses in your portfolio.
3. Take advantage of fear and greed: When the VIX is high, it indicates that investors are fearful and markets are volatile. You could use this as an opportunity to buy stocks or options at a discounted price. Conversely, when the VIX is low, it indicates that investors are complacent and markets are less volatile. This could be a good time to sell options or take profits on long positions.
4. Follow the trend: You could use the VIX as a technical indicator to help you determine the trend of the market. If the VIX is rising, it could indicate a downtrend in the market, and you may want to take short positions or buy puts. If the VIX is falling, it could indicate an uptrend, and you may want to take long positions or buy calls.

If you are in a short term bullish trade it could make sense to buy a 1dte vix contract as a hedge.

It’s important to note that trading based on the VIX can be risky, as it is a highly volatile instrument. You should always do your research and use proper risk management techniques when trading the VIX or any other financial instrument.