- Symbol
- VX
- Exchange
- CFE
- Contract Size
- 1,000 x VIX Index
- Tick Size
- 0.01 = $10.00
About CBOE Volatility Index Futures
On March 26, 2004, Volatility Index (VX) futures trading began on the CBOE Futures Exchange. The VIX Index is a key measure of market expectations of near-term volatility conveyed by S&P stock index option prices. Since its introduction in 1993, VIX has been considered by many to be the world's premier barometer of investor sentiment and market volatility. Also, since volatility often signifies financial turmoil, VIX is often referred to as the "investor fear gauge."
In the years following the launch of VIX, theorists and practitioners alike have changed the way they think about volatility. VIX is the premier benchmark of U.S. stock market volatility. The changes in the calculations of the Volatility Index reflect the latest advances in financial theory and what has become standard industry practice, and will provide a practical standard for trading and hedging volatility.
CBOE Volatility Index Futures Specifications
Volatility Index Futures (VX futures), CBOE Futures Exchange (CFE), trading symbol VX. The contract size is $1000.00 x VX Index. The minimum tick is 0.01, worth $10 per contract.
Open-outcry trading is conducted from 9:30 AM US EST until 4:15 PM US EST.
Primary trading months for VX futures are all 12 calendar months, January through December.
Please see the disclosures page for additional information regarding this section.
