VIX Options and Futures
The Cboe Volatility Index® (VIX® Index) is a leading measure of market expectations of near-term volatility conveyed by S&P 500 Index (SPX) option prices. With the introduction of the VIX® Index in 1993, followed by the launch of trading of VIX futures at Cboe Futures Exchange (CFE) in 2004 and VIX options at Cboe in 2006, there has been a growing acceptance of trading VIX and VIX-linked products as risk management tools.
VIX options and futures enable investors to trade volatility independent of the direction or the level of stock prices. Whether an investor's outlook on the market is bullish, bearish or somewhere in between -- VIX options and futures can provide the ability to diversify a portfolio or hedge, mitigate or capitalize on broad market volatility.
Strategies Using VIX Futures or VIX Options
Investors are urged to read the VIX Primer and the Options Disclosure Document before engaging in strategies using VIX futures or VIX options.
Expanded Trading Opportunities - Nearly 24 hours a day
Now VIX futures trading hours have expanded to nearly 24 hours a day, five days a week, beginning at 2:00 a.m. Central time. Visit Extended Trading Hours for more details. Additionally, overseas investors can now benefit from the overnight dissemination of the VIX index to provide real-time volatility information when news breaks overnight and allows them to reference the VIX index during regular trading hours. The short-term trading opportunities have also expanded with the successful launch of VIX Weeklys, to provide investors with greater precision in navigating and capturing opportunity in the volatility space.