{"as_of":"2026-06-08T18:16:11.3518687Z","vix":21.51,"spx_rv_20d":13.32,"spread":8.190000000000001,"ratio":1.614864864864865,"state":"overvixing","interpretation":"VIX trades 8.2pp above SPX 20d realized — premium rich, favours short-vol setups."}