Busy Day in VIX Futures

With the markets down VIX was higher today and VIX futures were up as well. Some else that was up today was volume in VIX Futures. Today was the 3rd busiest day for VIX trading on record with the unofficial volume total coming in at 179,761. If less than 100 more contracts had traded today we would be talking about the second busiest day on record! The table below shows the five highest volume days for VIX futures trading –

 

Date

Volume  

9/13/2012

190,081

10/23/2012

179,855

11/7/2012

179,761

9/14/2012

164,846

6/18/2012

159,744

 

In addition to today being a pretty busy day, every day in November VIX futures volume has come in over 100,000 contracts.  The average daily volume in November is an impressive 137,087 contracts. It’s still early, but at this pace November is on track to be a record volume month in VIX futures trading. We’ll keep an eye on things and report back at the end of the month.