Hi, Just a short question. I have never really looked into the VIX to assist my trading, but have lately been interested in the historical data I might be able to get from it with relation to implied vols for indices, in particular the data dating back years from the VXO. However, just a brief look at the current VIX shows that it gives a higher value than its component first and second month implied volatilites. Does this make sense? If the VIX is meant to give a 30-day expected future volatility, than why would it be higher than the first month implied vol, I would expect it to be a weighted average of the 2 components, ie. a value between the first and second month implied vols. Am I missing something here?