And that reply is why you are the Volatility Expert! Backwardation, Contango and VIX Futures, etc. Thank you very much!

Yes, I saw the VIX had closed in the red Friday, but virtually flat on the day. One could take some solace from that… however, I also saw that the TVIX and UVXY closed up 11.8% and 9.2% respectively. This disparity would seem to be reflective of the S&P closing down -46.88 points. Seth, time allowing… can you comment on this, please? Thank you!