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 14.63 0.48
VXN 14.87 0.41
VXO 13.36 0.69
VXD 13.84 0.80
RVX 18.18 0.16
VXST 17.09 1.26
VXV 14.75 0.22
VXMT 15.93 0.17

Volatility Indexes on Non- U.S. Stock ETFs

Delayed Quotes
Sym Last Pt. Change
VXEFA 23.15 5.00
VXEEM 20.29 0.20
VXFXI 19.13 0.51
VXEWZ 35.70 0.06

Volatility Indexes on Interest Rates

Delayed Quotes
Sym Last Pt. Change
TYVIX 6.28 0.52
SRVIX 85.38 -0.01

Volatility Indexes on Commodity-related ETFs

Delayed Quotes
Sym Last Pt. Change
OVX 30.06 2.10
GVZ 15.31 0.77
VXSLV 21.87 -0.16
VXGDX 37.68 -0.15
VXXLE 19.56 0.01

Volatility Indexes on Currency-related Futures/ETFs

Delayed Quotes
Sym Last Pt. Change
EUVIX 12.73 -0.01
JYVIX 10.89 -0.02
BPVIX 9.79 0.12
EVZ 14.16 0.05

Volatility Indexes on Single Stocks

Delayed Quotes
Sym Last Pt. Change
VXAZN 26.64 0.02
VXAPL 22.74 0.63
VXGS 23.31 1.72
VXGOG 21.23 0.35
VXIBM 17.15 1.05

Volatility of VIX

Delayed Quotes
Sym Last Pt. Change
VVIX 95.41 0.88

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

Volatility-related Indexes