RVX Index Up 58% — Which RVX Futures and Options Strategies to Consider?

In the time period from August 22 through October 15 –

  • The Russell 2000® (RUT) Index fell from 1160.34 to 1072.45 (a 6% drop)
  • The CBOE Russell 2000 Volatility IndexSM (RVXSM) rose from 16.13 to 25.49 (a 58% jump).

RVX RUT Oct 15

The RVX Index is a leading barometer of investor sentiment and market volatility relating to the Russell 2000 Index and small-cap stocks, and is a key measure of market expectations of near-term volatility conveyed by Russell 2000 stock index option prices. It measures the market’s expectation of 30-day volatility implicit in the prices of near-term Russell 2000 options.


Investors who are bullish on RVX, and bearish on small-cap stocks consider the following strategies (but please note that the RVX and RUT indexes do not always move in the opposite directions) –

  • Long RVX Call Options
  • Long RVX Call Spreads
  • Short RVX Put Credit Spreads
  • Long RVX Futures

Investors who are bearish on RVX, and bullish on small-cap stocks could consider—

  • Long RVX Put Options
  • Long RVX Put Spreads
  • Short RVX Call Credit Spreads
  • Short RVX Futures

To learn more about the futures and options on the RVX Index and on risk management strategies, please visit www.cboe.com/RVX.