Volatility Indexes www.cboe.com/Volatility

The Chicago Board Options Exchange® (CBOE®) calculates and updates the prices of several volatility indexes that are designed to measure the market's expectation of future volatility implied by options prices.

CBOE's volatility indexes are key measures of market expectations of volatility conveyed by option prices. The indexes measure the market's expectation of volatility implicit in the prices of options. The indexes are quoted in percentage points, just like the standard deviation of a rate of return, e.g. 19.36. CBOE disseminates the index values continuously during trading hours. The indexes are leading barometers of investor sentiment and market volatility relating to listed options.

Volatility Indexes

Volatility Indexes on U.S. Stock Indexes

Delayed Quotes
Sym Last Pt. Change
VIX 11.75 -0.89
VXN 14.27 -0.55
VXO 10.85 -2.01
VXD 12.41 -0.80
RVX 17.94 0.11
VXST 11.10 -1.82
VXV 15.22 -0.50
VXMT 17.66 -0.29

Volatility Indexes on Non- U.S. Stock ETFs

Delayed Quotes
Sym Last Pt. Change
VXEFA 12.26 -1.00
VXEEM 19.55 -0.87
VXFXI 20.94 -0.52
VXEWZ 37.79 0.26

Volatility Indexes on Interest Rates

Delayed Quotes
Sym Last Pt. Change
TYVIX 5.94 0.24
SRVIX 89.13 0.59

Volatility Indexes on Commodity-related ETFs

Delayed Quotes
Sym Last Pt. Change
OVX 35.21 0.18
GVZ 18.66 2.18
VXSLV 25.09 -0.47
VXGDX 46.57 1.64
VXXLE 19.97 -0.71

Volatility Indexes on Currency-related Futures/ETFs

Delayed Quotes
Sym Last Pt. Change
EUVIX 7.97 1.80
JYVIX 12.00 0.56
BPVIX 5.71 -0.42
EVZ 10.78 0.43

Volatility Indexes on Single Stocks

Delayed Quotes
Sym Last Pt. Change
VXAZN 23.59 -0.39
VXAPL 20.09 0.66
VXGS 30.26 -3.05
VXGOG 17.73 -0.51
VXIBM 21.95 -0.25

Volatility of VIX

Delayed Quotes
Sym Last Pt. Change
VVIX 89.40 -1.87

Futures and Options on CBOE's Volatility Indexes

Listed options on volatility indexes are offered for trading on CBOE, while futures on volatility indexes are traded at the CBOE Futures Exchange (CFE).

Futures and options on the CBOE's volatility indexes have several features that distinguish them from most equity and index options. Here are unique features of VIX options:

  • Pricing Based on Forward VIX Value
  • Pricing Can Be Different for a Number of Reasons
  • Wednesday Settlement
  • Special Opening Quotation Price
  • High Volatility of Volatility