Record VIX Futures Volume Today

Earlier this week (Tuesday) we witnessed record volume in VIX Options and now the VIX Futures trading at the CBOE Futures Exchange have followed suit.  The CFE experience a record volume day of its own with strong volume in the VIX Futures arena. At the CFE just over 190,000 VIX Futures were traded shattering the previous record of just under 160,000 contracts which occurred back on June 18, 2012. Average VIX Futures volume for 2012 is running at slightly over 83,000 contracts a day. Currently, there are contracts listed that expire on a monthly basis from September 2012 through May 2013. A month by month volume breakdown follows –

September 2012 63251

October 2012  62417

November 2012 23819

December 2012 13236

January 2013 10100

February 2013 8475

March 2013 6598

April 2013 1434

May 2013 751

What is a bit amazing is this record volume occurred on a day where VIX was under pressure. VIX was down 1.75 to 14.05 and the front month September contract was down 0.90 closing at 14.90 on the day. The chart below compares the closing VIX and VIX Futures prices from yesterday (9/12) and today (9/13).