VIX Mid-Term Futures Contango at Historic Highs

In the past you could invest in mid-term volatility, four to seven months out, without worrying too much about the erosive effects of contango.  That’s not the case anymore.   Strategies that hold long/short positions in mid-term and short term VIX futures as well as ETPs that hold mid-termVIX futures such as Barclays’ VXZ and XVZ and ProShare’s VIXM are getting dragged down. Most of …

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