Vix and More has this chart up of the VIX, which shows how the volatility index has been playing around a narrow range of 8 points, 22 to 30, since early to mid-July. It has not followed this kind of range-bound movement from as far back as the before the crisis began. The blog believes that even with an upcoming earnings season, which kicks off today via Alcoa, VIX would be staying in this range.
The markets have calmed, the storm has passed. So the VIX seems to be stable at last.
Source: VIX and More