How would we use Vix to help us trade the options market? One way to do so is pay attention where is Vix standing, when Vix is above 15 the Volatility is rising and gets more aggressive (meaning the Market is likely to be Bearish) and under 15 mark the Volatility is low (meaning the market is likely bullish). A little strategy that can be used but also need to be confirmed by other factors on SPX chart. Simplest thing to follow is when Vix is above 15-20 then you sell Naked Calls and if Vix is below 15 you sell Naked Puts. But it is not that easy of course, if it was we all be rich, but it is only used as indicator and gives us sense of direction. Please do use other factors to give you confirmation if the market is moving Up or Down.
Here is a Chart of Average price range of Vix
