In past 1-1.5 months, nifty have fallen 1200 points, there is news of tariff everywhere, and still India VIX is struggling to go higher. Any reasons?? Options prices even for next week expiry are really cheaper.
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I can’t give a reason other than to speculate it must be really nice to be those FIIs buying cheap puts. 
I’m looking to put on some debit spreads or calendars in this kind of market, definitely want to be long vega (currently short, uff!). 