VIX options are traded on CBOE (Chicago Board Options Exchange). The latest detailed specifications and more official information can be found on CBOE`s official website. Markets Diary: Data on the U.S. preview page represent trade in all U.S. markets and updates up to 20.m. See table «Close notebooks» for 4 p.m. Sources: FactSet, Dow Jones Mutual Funds – ETFs: All information from investment funds and ETFs contained in this announcement, with the exception of current price and price history, was provided by Lipper, A Refinitiv Company, subject to copyright © Refinitiv. All rights reserved. Any reproduction, re-editing or rebroadcasting of Lipper content, including by caching, framing or other similar means, is expressly prohibited without Lipper`s prior written consent. Lipper is not responsible for errors or delays in content or actions taken based on it.
The weekly expiration times for future VIX are usually indicated on Thursdays (except public holidays) and expire on Wednesdays. CFE can list up to six consecutive weekly expiration periods for future VIX. VIX Weekly Futures generally have the same contractual specifications as VIX contracts expiring each month. For more information, please see the contract specifications for future VIX. Data «like these» is provided only for informational purposes and is not intended for commercial purposes. FactSet (a) does not provide any explicit or implied guarantees with respect to the data, including, but not exclusively, any guarantee of cleavage or suitability for a specific use or use; and b) is not responsible for errors, incompleteness, interruption or delay, measures taken in trust in the data or resulting damage. Data may be deliberately delayed due to supplier requirements. There are many ETNs and ETFs (stock exchange notes and exchange-traded funds) that can be used to set up long or short exposures on future VIX without directly negotiating futures contracts.
They vary in direction and leverage (long, short, 2x long) and maturity (most focus on short-term futures, but there are also those that focus on the average or long end of the future vix curve). Some of the ETNs have options. In addition to monthly deadlines, VIX weekly options were introduced on October 8, 2015 (they followed shortly after the future weekly VIX which was marketed on July 23, 2015). Up to six weekly downtime periods are listed simultaneously. The VIX Index is Cboe`s first benchmark index that measures market expectations for future volatility. As an index of the future, it is built on the implied volatility of the S.P. 500 Index Options (SPX) and represents market anticipation of future volatility in the S-P 500 Index, considered a leading indicator of the broad U.S. stock market.
The VIX Index, introduced in 1993, is now an established and internationally recognized measure of the volatility of U.S. stock markets. It is calculated in real time on the basis of the live prices of the S-P 500 index. The calculations are made and the values are transmitted for 3:00 a.m. CT and 9:15 a.m. CT, and between 9:30 a.m. CT and 4:15 p.m. CT. Cboe began releasing the VIX index outside U.S. trading hours in April 2016. Don`t try to trade future VIX without a good understanding of the curve and how the prices of different VIX futures are on each other and on the Spot VIX index.