The Cash VIX vs VIX futures spread is back to near 3.00. That is WAY too wide this close to expiration, with out any weekend muddling the spread dynamics
THis cannot stand, either VIX needs to pop (less likely) or VIX futrures need to implode (more likely). The spread should be 1-1.25 right now, MAYBE 1.5% if we were really worried. Something has to give.