As Karim mentioned on Monday, we just saw a trade with some pretty frightening implications.

Some speculator out there is banking on the CBOE Volatility Index – or “Fear Index” – not only setting all-time highs but hitting levels twice as high as it hit during the COVID crash.

What could trigger such a move?

And what should you do to protect yourself?

That’s what I’m about to reveal.

Let’s get into it…