VIX futures
E631877
VIX futures are exchange-traded derivative contracts that allow investors to speculate on or hedge against future volatility in the U.S. stock market as measured by the Cboe Volatility Index (VIX).
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
derivative instrument
ⓘ
futures contract ⓘ volatility derivative ⓘ |
| category | exchange-traded derivatives ⓘ |
| denominatedIn | US dollar NERFINISHED ⓘ |
| hasExpiration |
monthly contracts
ⓘ
weekly contracts ⓘ |
| hedges |
equity portfolio volatility
ⓘ
options vega exposure ⓘ |
| introducedBy | Cboe Global Markets NERFINISHED ⓘ |
| marginRequired | yes ⓘ |
| marketRole |
indicator of market fear
ⓘ
tool for tail-risk hedging ⓘ |
| measures | expected volatility of S&P 500 index options ⓘ |
| notionalValueDependsOn |
VIX futures price
ⓘ
contract multiplier ⓘ |
| pricingDependsOn |
VIX term structure
ⓘ
implied volatility of S&P 500 options ⓘ |
| purpose |
hedging equity market volatility
ⓘ
portfolio risk management ⓘ speculating on future volatility ⓘ |
| quotedAs | index level ⓘ |
| region |
United States of America
ⓘ
surface form:
United States
|
| regulator |
CFTC
NERFINISHED
ⓘ
U.S. Commodity Futures Trading Commission NERFINISHED ⓘ |
| relatedTo |
S&P 500 Index
NERFINISHED
ⓘ
VIX options ⓘ equity index futures ⓘ |
| riskFactor |
basis risk
ⓘ
liquidity risk ⓘ term structure risk ⓘ volatility risk ⓘ |
| settlementExchange | Cboe Futures Exchange NERFINISHED ⓘ |
| settlementReference | VIX Special Opening Quotation NERFINISHED ⓘ |
| settlementType | cash-settled ⓘ |
| strategyUse |
calendar spread strategies
ⓘ
long volatility strategies ⓘ short volatility strategies ⓘ volatility term structure trades ⓘ |
| tickerExample | VX NERFINISHED ⓘ |
| tradedOn |
CFE
NERFINISHED
ⓘ
Cboe Futures Exchange NERFINISHED ⓘ |
| underlyingAsset |
Cboe Volatility Index
NERFINISHED
ⓘ
VIX NERFINISHED ⓘ |
| underlyingIndexProvider | Cboe Global Indices NERFINISHED ⓘ |
| usedBy |
hedge funds
ⓘ
institutional investors ⓘ proprietary trading firms ⓘ volatility arbitrageurs ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.