8/3 Thursday

8/3/2023 term structureDaily log
8/3 VIX futures matrix
8/3 history

If we look at the recent contango move, especially the 1m movement, it looks a lot like what happened after the last month of July period started. When the final month began, it was already around 1.5 pts, then dropped a bit and stagnated around 1.2-1.3 pts then dropped to below 1.0 pts. So far, this period been exactly the same as last since the beginning of the August period. The July contract recovered after that and eventually expired at around 2.0 pts. I hope the August period will follow a similar pattern.