Markets fell, S&P was down almost 4% for the week, and volatility indexes are up - on average by 4 points. VIX is up 4.58 points, from 23.95 to 28.53. Futures are up in an almost parallel shift from a week ago. The rise in volatility did not create enough pressure on the market for contango. Feb 2011 futures started trading, settling at almost 31.