dont fear the reaper

so this slight pop in vvix is still controlled/favoring the short side overtime due to the embedded cost of carry.we have yet to see a realized volatility moment like we did during December (melt down). with vvix around its historic range, i say no need to fear the reaper.
although higher vix may be perceived with higher risk, its actually the opposite. so, with vvix being in its historic range but cheap on a relative basis. im a buyerof longer dated spreads. when VVIX or the implied vol of vix is above 110 then im a seller of premium