Each morning, at the market’s open, Seth M. Golden, a former logistics manager at a Target store, fires up the computer in his home office in northern Florida and does what he has done for years: Put on bets that Wall Street’s index of volatility, the VIX, will keep falling. That’s the opening line from an article that appeared in the New York Times on August 28, 2017, and it should have been a warning. To be sure, it spawned its fair share of derisive memes that spread like wild fire among market participants who understood how patently absurd the idea of former Target managers shorting vol. for a living really was, ... (full story)