Stock market volatility as represented by the VIX is approaching the all-time low of 9.39 recorded back in 2006. As noted here earlier, this could only happen if most traders had bet heavily that the stock market was about to do ‘something big’. Instead, Monday’s feeble oscillations extended a moribund dirge that seems likely to persist until the very last volatility bettor has been incinerated. We took a small stake ourselves but left room to buy more call options if and when VXX, an ETF that tracks VIX, comes down to a specific price target we’ve held in mind. For explicit details, check out my latest update to the VXX tout, below.