After some attention was brought to me by traders in my circle.. I have an interesting comparison
vix long dated contracts look to be a play
uncertainty is in the air... election, virus woes, economic data coming out that is brutal, fed running out of ammo, warren buffet not buying, old large cash sitting out this rally, not wanting to buy the top here... only makes sense we see a spike in volatility and a drop in the broader indices to retest lows or take them out going into 2021
from an expert on vix "Right now you are paying almost 0 carry on the futures, ie. it costs nothing to hold them (VIX = medium term futures). If you hold a VIX ETN, you will have a rolling exposure to the medium term futures always... basically both short term and long term futures cost the same to hold right now (usually long term futures much more expensive). So your exposure will be purely directional from a "cost" standpoint. Short term will be more volatile, medium term less volatile. But have to pay attention to the curve in case that dynamic changes."