What are VIX futures now

Currently, there is no available data on VIX futures. However, here is some relevant information about VIX futures that may help you understand them better. 1. **VIX Futures Contract Specifications**: VIX futures are based on the CBOE Volatility Index (VIX), also known as the Wall Street Volatility Index. The VIX is a measure of market volatility derived from the prices of near-expiry options on the S&P 500 Index. VIX futures are traded on the CBOE Derivatives Exchange (CBOE) and are available in various months, typically out to 6 months from the trading date. 2. **Rolling of VIX Futures**: VIX futures experience a roll every Wednesday, where the front-month contract rolls into the next month. This process is known as "roll" or "roll cost," and it can have implications for traders who are long or short the VIX futures index. The roll cost is the difference between the price of the old front-month contract and the new front-month contract. For example, on August 17, 2025, the VIX September 2025 futures contract rolled over to the October 2025 contract. 3. **Trading Strategy for VIX Futures**: VIX futures are used by investors for hedging and speculation. They can be used to hedge against volatility risk in portfolios or to speculate on the direction of volatility. The VIX futures market is also used by market makers to hedge their exposure to options they have sold to investors. 4. **Settlement of VIX Futures**: The final settlement value for VIX derivatives, including futures, is determined on the morning of their expiration date through a Special Opening Quotation (SOQ) of the VIX Index. This process ensures that the final settlement value is based on the most recent market conditions. In summary, while there is no current data on VIX futures, it is important to understand that VIX futures are a valuable tool for managing volatility risk and can be used strategically by investors and market makers.