Volatility has gone brain-dead, as today’s chart makes clear. What this implies is that ‘everyone’ has bet the opposite or is hedged up the wazoo with puts, calls or straddles against a stock market melt-up or -down. Such an event is inevitable, but not on any time schedule that traders have been able to predict. We’ve got a small bet down ourselves, having hit .666 in our last three at-bats.  Two of the trades precisely caught trampoline lows in VXX within hours, allowing subscribers who followed my explicit guidance to easily quadruple their money. Some who held onto a portion of their initial position reported doing far better. Past performance is of course no guarantee of future success, but the current bet, notwithstanding VXX’s relentless sinking spell, is one I can surely live with.  See my tout below for explicit details.  If you don’t subscribe, click here for a free two-week trial that will allow you not only to view the tout, but to enter the Rick’s Picks chat room, where great traders from around the world gather 24/7.