VIX - M2 Into Settelment (Next Wednesday)

Next Wednesday the M2 will "Settle" becoming the Front Month or M1.

100% of the Constant 30 Day Maturity will be concentrated on this Date.

Each day thereafter, M1 will begin to flow to M2 (December 2021) at a rate
of roughly 3-4% per day, depending on Traading/Calendar Days.

When the VIX Curve is in Contango - M2, M3, M4 higher than M1 we will see
a Gap left as the Continuous Contract Picks up off the prior Ghost levels of
the Prior M1 Contract.

Presently the Values out the Curve by Month:

DEC 22.60
JAN 23.80
FEB 24.35

We see clear Contango as Prices are higher out the Curve.