Futures Price in Volatility Units to Variance Units Translation

This translation functionality is for the user that wishes to answer the question "What variance unit price corresponds to a specific volatility level?".

This translation uses Equation 5 directly. The user provides the volatility level in percentage points (σ*n) and an end of day S&P 500 Index level estimate (P*n).

SP 500 Variance Futures Variance Calculator User Guide - Futures Price in Volatility Units to Variance Units Translation | Cboe