# Options fear tracker, week 2: the gap is still near the top of its range
Latent Equity · published Nov 3, 2026 · Options fear tracker
Post: https://x.com/Latent_Equity/status/2117694598285873623

Options are pricing more fear than the market shows. $VIX (the swings options price in for next month) closed at 21.15 Monday. $SPY's realized volatility (how much it actually moved in 21 days) was 11.42. That 9.73-point gap is higher than on 93% of days since 1990 (our calc).

General research, the same for every reader. Not investment advice.