Reason why TVIX hasn't kicked up yet is because the fear factor hasn't been reached.
1st - most investors are feeling comfy with there latest profit cushions.
2nd - everyone thinks that the Dem's & Rep's are going to just make a nice deal.
3rd - earnings for and Q3 & Q4 are dropping fast but is going unnoticed.
Wait until after the 'meeting' next week ... Then we'll see how close we really are to deal.
If that deal blows up or negativity comes out of the meeting expect option values to jump, the VIX & TVIX will skyrocket.
+ Debt Ceiling will be reached in January not spring as being reported, the Fed will default in Spring.