Simply said, a persistently low VIX, a VIX “epidemic” such as we’ve had for much of this year, does not eliminate those option-selling trades. But it does two things that should concern investors.And the strategy I’ve written about here the most, which is using covered calls as the other side of an option collar strategy. And by doing so, knocking down the cost of the put options I purchased to set a “line in the sand” below which I am not exposed to a drop in the price of the underlying security.Selling pu ...