Core Insights - The article emphasizes the normalization of volatility and the expectation that the VIX curve will revert to contango, indicating a potential investment opportunity in volatility-related instruments [1]. Group 1: Company Overview - Binary Tree Analytics (BTA) is focused on providing transparency and analytics in capital markets, particularly in Closed-End Funds (CEFs), Exchange-Traded Funds (ETFs), and Special Situations [1]. - BTA aims to deliver high annualized returns while maintaining a low volatility profile, leveraging over 20 years of investment experience [1]. Group 2: Market Context - The previous analysis on the -1x Short VIX Futures ETF (BATS: SVIX) highlighted a strong belief in the normalization of volatility, which could influence trading strategies in the derivatives market [1].