Volatility Indexes www.chriswalken.com/Volatility

The Cboe Global Markets® (Cboe®) calculates and updates the prices of several volatility indexes that are designed to measure the market's expectation of future volatility implied by options prices.

Cboe's volatility indexes are key measures of market expectations of volatility conveyed by option prices. The indexes measure the market's expectation of volatility implicit in the prices of options. The indexes are quoted in percentage points, just like the standard deviation of a rate of return, e.g. 19.36. Cboe disseminates the index values continuously during trading hours. The indexes are leading barometers of investor sentiment and market volatility relating to listed options.

Volatility Indexes

Volatility Indexes on U.S. Stock Indexes

Delayed Quotes
Sym Last Pt. Change
VIX 12.56 0.02
VXN 16.48 0.44
VXO 12.45 0.24
VXD 13.49 0.63
RVX 14.73 -0.38
VIX9D 10.57 -0.29
VIX3M 14.95 0.00
VIX6M 16.33 -0.03
VIX1Y 17.65 0.05

Volatility Indexes on Non- U.S. Stock ETFs

Delayed Quotes
Sym Last Pt. Change
VXEFA 11.64 0.62
VXEEM 15.01 -0.34
VXFXI 18.28 0.81
VXEWZ 26.68 -0.12

Volatility Indexes on Interest Rates

Delayed Quotes
Sym Last Pt. Change
TYVIX 3.72 -0.31
SRVIX 68.37 -1.25

Volatility Indexes on Commodity-related ETFs

Delayed Quotes
Sym Last Pt. Change
OVX 30.38 -2.84
GVZ 12.27 -0.27
VXSLV 20.96 0.10
VXGDX 26.18 -0.52
VXXLE 17.37 0.02

Volatility Indexes on Currency-related Futures/ETFs

Delayed Quotes
Sym Last Pt. Change
EUVIX 4.66 0.26
JYVIX 5.10 -0.27
BPVIX 6.59 -0.55
EVZ 4.49 -0.07

Volatility Indexes on Single Stocks

Delayed Quotes
Sym Last Pt. Change
VXAZN 26.69 -0.19
VXAPL 31.67 1.09
VXGS 23.54 -0.44
VXGOG 21.65 0.47
VXIBM 22.96 -0.54

Volatility of VIX

Delayed Quotes
VVIX Cboe VIX of VIX Index
Sym Last Pt. Change
VVIX 88.33 0.52

Futures and Options on Cboe's Volatility Indexes

Listed options on volatility indexes are offered for trading on Cboe, while futures on volatility indexes are traded at the Cboe Futures Exchange (CFE).

Futures and options on Cboe's volatility indexes have several features that distinguish them from most equity and index options. Here are unique features of VIX options:

  • Pricing Based on Forward VIX Value
  • Pricing Can Be Different for a Number of Reasons
  • Wednesday Settlement
  • Special Opening Quotation Price
  • High Volatility of Volatility

Volatility-related Indexes