sir plesse explain me ststement 1 and 2 clearly
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Statement 1: It is mentioned that the futures curve is in contango which implies that the futures are trading at a premium (Future Price > Spot Price). Since volatility is unchanged during the term structure, futures will converge towards the spot rate. Now, in order to hedge or speculate if a trader goes long on the futures contract, he is buying at a higher price and later on covering its long position at less price (spot price), that is why roll down losses.
Statement 2: VIX options are negatively correlated and not positively correlated with equity prices. VIX is a fear index, fear rises during times of falling markets, hence a negative correlation.