$VIX just ripped +20% back to the 20 handle. That's a serious fear spike. When volatility explodes like this, it usually means institutions are hedging hard or something spooked the market fast. Watch for mean reversion plays if this is just a short-term panic flush, or brace for more downside if it holds above 20. High $VIX = opportunity for vol sellers once it peaks, but don't catch falling knives too early. This kind of move changes the game for short-term setups.