Futures on the CBOE Volatility Index® (VIX®), which launched in 2004, experienced some milestones regarding open interest in recent days –
* VIX futures open interest surpassed 500,000 for the first time on June 6;
* VIX Futures open interest hit a new all-time record high of 501,835 on June 7;
* VIX Futures open interest is up 98.7% year-to-date (through June 7).
VIX FUTURES VOLUME DURING EUROPEAN HOURS
VIX futures are available for trading more than 23 hours per day.
On June 7 the total daily volume for VIX futures was 230,694 contracts, and the VIX futures volume during the period from 2:00 a.m. to 7:00 a.m. (Chicago time) was 12,286 contracts.
SKEW CHART FOR VIX OPTIONS
Below is a skew chart from Livevol that shows implied volatility estimates for VIX options at different expirations. I find it interesting to compare the June 22 (yellow line) and June 29 (green line) expirations, particularly in light of the upcoming June 23 Brexit referendum<http://www.cboeoptionshub.com/2016/06/07/bpvix-index-hits-highest-level-since-2009-investors-manage-brexit-risk/>. Note that, according to this chart, the implied volatility for out-of-the-money puts and at-the-money options was highest for the VIX options expiring on June 29.
To learn more about ways in which VIX futures and options can help you manage the volatility in your portfolio, please visit www.cboe.com/VIX<http://www.cboe.com/VIX>.