Volatility Viewpoint: Today's guest is Chris Cole, Managing Partner at Artemis Capital Management. They discuss Chris's now "infamous" letter to his investors, "Volatility and the Allegory of the Prisoner's Dilemma."

Volatility Review: A look back at the week from a volatility perspective, plus a review from RMC Asia.

• VIX Cash: Volatility surges after sell-off and heading into Non-Farm Payrolls. VIX Cash: 18.11, VVIX: 101.80
• What is the Fed impact on Vol?
• SPX
• CBOE Skew Index back to boring - This week: 135.26
• VIX: A heavier volume week in VIX Options. Total 6.24m (4.57m Calls, 1.68m Puts)

Crystal Ball: Earnings season is winding down. FED on the horizon in December.