### Comment:
Why not just trade VIX futures long or short? All VIX related ETFs have this contango nonsense built imto them since they’re based on VIX futures.

### REPLY:
Most people don't because of the margin requirements. IIRC, to bet on one contract (+- $1,000 based on a one point move in VIX futures) you need to put up $8,000 in margin. Even so, betting on the futures you still have contango baked on spot VIX vs UX1.

### END.