
Key points
VIX futures term structure on three dates | On Nov 6 the front month at about 25.5 sits above later months in backwardation, versus contango on Oct 9
Image source: @Marcomadness2

VIX futures term structure on three dates | On Nov 6 the front month at about 25.5 sits above later months in backwardation, versus contango on Oct 9
Image source: @Marcomadness2