CBOE VIX VOLATILITY INDEX
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Vol of Vol initiating Launch Procedures for $10 Billion Vega!

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zerohedge.com/news/2017-09-26/has-only-happened-twice-2009-barclays-finds-new-source-concern-vix-etfs

imply that the overall volatility vega could be $10 billion or substantially higher. Such exposure would lead to dramatic moves in the overall market if the next VIX spike or 5 or more vol points does not suddenly reverse and "fill the gap" as has been largely the case on most previously similar episodes.

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