Option Prices on VIX etfs

[jb514]

I've always wondered how options are priced on vix etfs, since their prices are fairly predictable ie. can only drop so fast, and tends to be in contango.

 

[1245]

Quote from jb514:

I've always wondered how options are priced on vix etfs, since their prices are fairly predictable ie. can only drop so fast, and tends to be in contango.

Predictable? In what way do you think they are predictable?

1245