CBOE Volatility Index (VX) Futures Contract Specifications

What Are CBOE Volatility Index (VX) Futures?

CBOE Volatility Index Futures (VX) provide traders with exposure to market volatility as measured by the VIX Index. Often referred to as the 'fear gauge,' these contracts allow traders to speculate on expected market volatility or hedge against market turbulence.

Contract Size

Contract Size: $1,000 multiplied by the VIX Index

Example: This contract size allows traders to gain exposure to stock indices with controlled leverage and risk.

Tick Value and Increment

  • Tick Size: 0.05 index points
  • Tick Value: $50.00 per tick
  • Point Value: $1,000.00 per point

These specifications make CBOE Volatility Index (VX) Futures suitable for traders seeking exposure to stock indices markets.

Trading Hours

CBOE Volatility Index (VX) Futures trade with extended hours, providing flexibility for traders in different time zones.

  • Trading Hours: Sunday to Friday, nearly 24 hours a day with a short break
  • Time Zone: Central Time (CT)

Trading Symbol

Platform Symbol: VX

Margins

To trade CBOE Volatility Index (VX) Futures, you'll need to meet specific margin requirements. Check with your broker for the latest margin rates and details.

Why Trade CBOE Volatility Index (VX) Futures?

  • Direct exposure to market volatility
  • Effective hedging tool during market turbulence
  • Negative correlation with equity indices provides portfolio diversification
  • Opportunities during high-volatility market events
  • Ability to trade volatility as its own asset class

Position Sizing for CBOE Volatility Index (VX) Futures

Proper position sizing is crucial when trading CBOE Volatility Index (VX) Futures. Use our position size calculator to determine the optimal number of contracts based on your risk tolerance and account size.

Position Size Calculator Example

For CBOE Volatility Index (VX) Futures (VX):

  • Tick Size: 0.05 index points
  • Tick Value: $50.00 per tick
  • Point Value: $1,000.00 per point

If you want to risk $500 with a 10-point stop loss:

Risk per Contract = Stop Loss in Points × Point Value = 10 × 1,000.00 per point = $10

Maximum Contracts = Risk Amount ÷ Risk per Contract = $500 ÷ $10 = 50 contracts