VIX Curve Compression: Rare Flat Structure with Expansion RiskCboe Volatility Index (VIX) FuturesCBOE:VX1!QuantNomadThe VIX futures curve is currently extremely flat, with curve compression at ~0.55 today (vs ~0.60 yesterday) — meaning only about a $0.55 difference between the lowest and highest futures. What makes this interesting is that it’s not easy to visually spot on a chart, but in reality, this is an unusually compressed structure for the VIX forward curve. Such conditions are very rare, occurring in