The relationship between spot VIX and VX1 is one of the easiest measures of stress in markets:
Contango → VIX trades below VX1 (normal conditions)
Backwardation → VIX trades above VX1 (fear, panic, liq…
The relationship between spot VIX and VX1 is one of the easiest measures of stress in markets:
Contango → VIX trades below VX1 (normal conditions)
Backwardation → VIX trades above VX1 (fear, panic, liq…