The question we have heard over the last several years was “CBOE VIX Futures have extended trading, when will VIX Options have Extended Trading Hours”?
On Monday, March 2nd, Extended Trading Hours (ETH) for VIX options will launch. Trading hours will be from 2:00 a.m. to 8:15 a.m. Central Time (“CT”). Regular VIX trading will resume at 8:30 a.m. and continue until 3:15 p.m. CT.
Since June 2014, the trading hours for futures on the CBOE Volatility Index® (VIX®) have been expanded to nearly 24 hours a day, five days a week. Average Daily Volume (ADV) in VIX Futures has been great with a surprising amount of that in extended hours.
With Average Daily Volume with CBOE VIX options being two to three times VIX futures volume, extending trading hours to reach more traders and investors makes great sense.
Trading desks in Europe have expressed enthusiasm for the availability of VIX options during their regular trading sessions (I’ve heard from several Asian traders who look at VIX Options as a tool to adjust portfolio risk at the end of their trading sessions). As opposed to VIX Futures, remember that VIX Options will only include an extended morning session, 2:00a.m. to 8:15 a.m. Central Time.
For more information about Extended Trading Hours in VIX, go to
www.cboe.com/ETH . CBOE Regulatory Circular RG 15-014 is available at that site.
ONE LAST COMMENT: Extended Trading Hours in SPX Options are expected to commence the following Monday, March 9th.