Next Wednesday the M2 will "Settle" becoming the Front Month or M1.
100% of the Constant 30 Day Maturity will be concentrated on this Date.
Each day thereafter, M1 will begin to flow to M2 (December 2021) at a rate
of roughly 3-4% per day, depending on Traading/Calendar Days.
When the VIX Curve is in Contango - M2, M3, M4 higher than M1 we will see
a Gap left...