The Cat Flap Calculus

From the lecture

1. 

   Prof. KenjiWelcome back to BBN Trading Academy, Bagholder University's finest. I'm Professor Kenji, and this is Lesson 86: The Cat Flap Calculus.

2. 

   VeraProfessor, I paid nothing for this class and I still feel overcharged. What does a cat flap have to do with the VIX?

3. 

   Prof. KenjiEverything, Vera. The VIX is the fear gauge. It's at fifteen point seven one, up four point one eight percent today.

4. 

   Prof. KenjiRule one: fear is just a cat deciding whether to come in. If it's up four percent, the cat is thinking about it.