VIX Futures Now Round-the-Clock, as ETH Volume Tops 1.68 Million Y-T-D

Futures on the CBOE Volatility Index® (VIX®) now are available nearly 24 hours a day, five days a week (see below for more details).  Trading volume for VIX futures during Extended Trading Hours (ETH) has topped 1.68 million contracts so far in 2014.   The charts below show key daily values in 2014 that you could compare – the VIX daily closing values, the 30-day historic volatility of the S&P 500® Index, and the daily volume in VIX futures during ETH.

mm 6 24 eth

Since January 1990, the long-term average of daily closing values of the VIX is 20.1, and the long-term median value of daily closing values of the VIX is 18.35.

On June 23rd –

  •  the VIX Index closed 10.99,
  • the VIX Sept. ’14 futures closed at 14.60,
  • the 30-day historic volatility of the S&P 500 Index was 6.89, its lowest daily value since January 2011.

For investors who want to possibly lock in stock market gains and who think that in the near future the VIX could rise substantially with a correction in stock index values, strategies that could be explored include long VIX futures, long VIX call options, and protective puts with SPX options.

MORE DETAILS ON EXTENDED TRADING HOURS

Beginning on Sunday, June 22, 2014 at 5:00 p.m. for the business day of Monday, June 23, CBOE Futures Exchange, LLC (CFE)  expanded trading hours in CBOE Volatility Index (VIX) futures to be nearly 24 hours a day, five days a week.  Specifically, the trading week for VIX futures now begins on Sunday at 5:00 p.m. and ends on Friday at 3:15 p.m. CFE will be closed for trading on Monday through Thursday for 15 minutes between 3:15 p.m. and 3:30 p.m. and trading for the new business day will begin at 3:30 p.m. on Monday through Thursday. CFE will close at 3:15 p.m. on Friday and will remain closed until 5:00 p.m. on Sunday, when the new trading week will begin. Regular trading hours in VIX futures will continue to be from 8:30 a.m. to 3:15 p.m. Monday through Friday and trading in VIX futures during all other times will be extended trading hours.

For more information and delayed price quotes, please visit www.cboe.com/VIX and www.cboe.com/ETH.

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Matt Moran

Matt Moran is vice president of business development for Chicago Board Options Exchange (CBOE), where he communicates with pension funds, mutual funds, and financial advisors. He has delivered more than 200 presentations worldwide on the topics of managing volatility and adding income with option-writing strategies. Previously,…