Barclays stated that the implied volatility of the S&P 500 index for the upcoming US election is 1.8%, and this risk level has been fully absorbed by the market. Derivatives strategists such as Stefano Pascale stated that VIX traded at around twice the actual volatility of the S&P 500 index in one month, reflecting election related price fluctuations. The proportion of VIX's actual volatility compared to the S&P 500 index is higher than in previous elections and is unlikely to further increase. @esujad