Does this mean there is a lack of fear in the market or that volatility is leaving the market? We can use other indicators to determine this.
CPC is showing not enough bullishness:
The Bullish Percentage is still not at it's highest levels.
So there is still some fear left, but its getting close to a bulltopia.
Nibbling on some Puts around 26 might not be a bad idea. So let the VIX head down some more, let the bulls get happy and keep drooling over their "Green Shits", then the bears can strike. But course if enter these trades because of this site, you could lose money, its part of the market. And then because you are broke and lost money, you will have to start selling yourself for money and if you watched Basketball Diaries you know its not fun.