Cboe VIX FAQ This list of Frequently Asked Questions (FAQs) is a representation of questions commonly asked about the VIX Index and derivatives listed on the VIX Index.
Click on the questions below to display the answer.
The VIX Index: Basics What is the Cboe Volatility Index (VIX Index)?
How is the VIX Index calculated?
What does the VIX Index measure?
Can I hold the VIX Index?
Product and Settlement Information What products are listed on the VIX Index?
How is the settlement value for Volatility Derivatives determined and how is it different from the spot VIX Index?
What are the goals of a "tradable settlement?"
Where can I see the options series that will be used to calculate the final settlement value of Volatility Derivatives?
When is the spot VIX Index value first disseminated on Volatility Derivatives Expiration Days?
SOQ Auction Information How do I participate in the opening auction?
What is a settlement liquidity opening order ("SLOO")?
When can orders and quotes be placed, modified or cancelled on Volatility Derivatives Expiration days?
What type of information does Cboe Options disseminate prior to the auction?
How is the opening price of an option determined during the Volatility Opening Process?
Are all SPX series with a traded price included in the SOQ to settle expiring Volatility Derivatives?
Other Information Is there a difference between Volatility Derivatives that settle to a value calculated using standard SPX options vs. weekly SPX options?
Why are there differences between the Intraday (Spot) VIX Index Value and the Settlement VIX Index Value?
How is the settlement price for VIX futures calculated on non-expiration days?
What is the closing price for VIX options on non-expiration days?
Additional Information & Resources VIX Index Market Advisory Notices
