VIX Futures


Symbol Expiration Last Change High Low Settlement Volume
^VIX - 27.29 -1.97 30.91 27.13 - -
VX28N20 07/15/2020 28.25 0.00 0.00 0.00 28.2750 0
VXN20 07/22/2020 28.45 -0.33 28.85 28.30 28.7750 1746
VX30N20 07/29/2020 30.15 0.00 0.00 0.00 29.9000 0
VX31Q20 08/05/2020 30.00 0.00 0.00 0.00 30.0000 0
VX32Q20 08/12/2020 31.35 0.00 0.00 0.00 30.0750 0
VXQ20 08/19/2020 30.00 -0.33 30.36 29.75 30.3250 1570
VX34Q20 08/26/2020 0.00 0.00 0.00 0.00 30.4250 0

Mini VIX Futures Contracts Coming in 2020

The VIX futures contract is the most frequently traded, exchange-listed volatility futures contract in the world. VIX futures provide market participants with opportunities to trade their view of the future direction of the expected volatility of the S&P 500® Index. This contract may also present opportunities to manage risk, generate alpha or diversify a portfolio. With a $100 multiplier, Mini VIX futures are structured like the standard VIX futures contract but at 1/10th the size.

The smaller notional value of Mini VIX futures may appeal to:

  • Commodity Trading Advisors (CTAs) as a convenient, sub-account allocation contract size
  • Sophisticated market participants looking to hedge their portfolios or express their view on US stock market volatility, and
  • Proprietary trading firms seeking to execute volatility strategies or provide counter-party liquidity




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VIX Futures

Introduced in 2004 on Cboe Futures Exchange (CFE), VIX futures provide market participants with the ability to trade a liquid volatility product based on the VIX Index methodology. VIX futures reflect the market's estimate of the value of the VIX Index on various expiration dates in the future. VIX futures provide market participants with a variety of opportunities to implement their view using volatility trading strategies, including risk management, alpha generation and portfolio diversification.

VIX Weeklys Futures

VIX Weeklys futures began trading on CFE in 2015 and provide market participants with additional opportunities to establish short-term VIX positions and to fine-tune the timing of their hedging and trading activities.

Weekly expirations for VIX futures are generally listed on Thursdays (excluding holidays) and expire on Wednesdays. CFE may list up to six consecutive weekly expirations for VIX futures. VIX Weekly futures generally have the same contract specifications as monthly expiring VIX contracts. See Contract Specifications for VIX Futures for more information.

VIX Market Data

Intraday    1M   3M    6M    1Y    All    

Settlement of VIX Derivatives

The VIX Index settlement process is patterned after the process used to settle A.M.-settled S&P 500 Index options. The final settlement value for Volatility Derivatives is determined on the morning of their expiration date (usually a Wednesday) through a Special Opening Quotation ("SOQ") of the VIX Index. By providing market participants with a mechanism to buy and sell SPX options at the prices that are used to calculate the final settlement value for Volatility Derivatives, the VIX Index settlement process is "tradable."

Trade CFE

CFE is a designated contract market approved by the Commodity Futures Trading Commission (CFTC). It opened for trading in March 2004. CFE is an all-electronic, open access market model and all contracts traded on CFE are cleared by The Options Clearing Corporation (OCC).

CFE futures contracts (other than security futures) must be held in a futures account and can be traded either directly or through a broker.

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Futures trading is not suitable for all investors, and involves the risk of loss. The risk of loss in futures can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. For additional information regarding futures trading risks, see the Risk Disclosure Statement set forth in CFTC Regulation §1.55(b).