If you're wondering why election risk is causing $VIX futures to peak in Oct rather than Nov, it's because VIX futures, like $VIX are based on $SPX option prices with 30 days until expiration. Oct $VIX future will settle on Oct 21st based on Nov 20 SPX option prices that AM.
Since the election will be 2 weeks off at that point those option prices will still reflect election uncertainty. Nov VIX futures are currently priced lower than Oct futures because Dec 17th options are priced cheaper than you'd typically expect.
Normally option prices carry a square root of time-based premium based on their time until expiration, so even though the Dec VIX price based on Dec SPX option prices is higher than the Nov price, it's lower than you'd expect with the normal time premium. sixfigureinvesting.com/2014/06/volati…
This lower price reflects the market's current perception that uncertainty will be lower at that point, over a month after the election.

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More from @6_Figure_Invest

10 Sep
Around 85% of the time the 2nd month VIX future is priced higher than the front month future. This configuration is called contango in futures' parlance and is usually associated with a drop in $VXX's value. However, contango does not cause $VXX's decline.
$VXX's daily roll of futures from the next to expire month to 2nd month does not change its value. VXX's value is established by the value of the $VIX futures it holds.
Normally when VIX future's term structure is in contango both VIX futures will be trending down, but in some situations, e.g. upcoming uncertainties like elections, the two front-month futures can be steady or increasing in value even when 2nd future priced higher than1st month.
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