VIX® options offer traders and investors an easy way to trade a forecast of expected market volatility. Traders should consider three factors when evaluating a VIX options trade. The first factor is a forecast for the VIX index. Second, consider the time period, and, third, look at the current price of the relevant VIX futures contract. If VIX futures are already anticipating what you forecast, then a strategy other than buying VIX options may be the best strategy.