Why VIX is under 12 even when elections are very near?

Wondering why VIX is under 12 even when elections are very near? even volatility is high.
@Sensibull

because Mr. market is believing NDA will continue this election :joy: :joy: :joy:
if any thing wrong happend against NDA first beat is PSU Company - next nifty :woman_in_manual_wheelchair: nifty will become handicapped

  1. The IVs of the expiries before elections will not be affected by elections
  2. Although the event is nearby, market is near all-time high. This usually leads to low IV
  3. Fear is non-existent. Low IV
  4. The market has been going up in a trended way mostly, without much chop. This causes IVs to drop. That rhymed :slight_smile:
  5. If there is put selling directionally that can also cause an IV dip, and I suspect this is in play too
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