VIX - M2 Into Settelment (Next Wednesday) S&P 500 VIX FUTURES (CONTINUOUS: NEXT CONTRACT IN FRONT) CBOE:VX2! HK_L61 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.