Only if someone presses the wrong buy button.
Although, you could see a change when for instance, there's suddenly a new election in January. So expected vols in Jan will suddenly be a lot higher, without affecting the prior months much. That would mean the Jan SPX options likely be bid up quite a bit, since normally Jan is lower priced because of Christmas/New Year etc. In that case, VIX Dec futures probably rise a bit more than front or middle months.
But that's not really a spike... that will stay elevated I guess. And it will depend on what IV's there are in that months SPX.
Although, you could see a change when for instance, there's suddenly a new election in January. So expected vols in Jan will suddenly be a lot higher, without affecting the prior months much. That would mean the Jan SPX options likely be bid up quite a bit, since normally Jan is lower priced because of Christmas/New Year etc. In that case, VIX Dec futures probably rise a bit more than front or middle months.
But that's not really a spike... that will stay elevated I guess. And it will depend on what IV's there are in that months SPX.
