VIX Futures Price
Vix futures price describes VX contract mechanics, not a forecast or a recommendation.
Educational only, not a recommendation to buy or sell any contract or a solicitation to open an account. Futures and options trading involves substantial risk of loss. You can lose more than your initial deposit.
Contract specifications
| Specification | VX |
|---|---|
| Exchange | Cboe Futures Exchange (CFE), not CME |
| Symbol | VX |
| Contract size | $1,000 × VIX futures quotation |
| Tick size / value | 0.05 = $50; spread legs may use 0.01 = $10 |
| Trading hours | CT Monday–Friday: extended 5:00 p.m. previous day–8:30 a.m.; regular 8:30 a.m.–3:00 p.m.; extended 3:00 p.m.–4:00 p.m. Expiring VX ends at 8:00 a.m. CT on final settlement date. |
| Listed months | Confirm current listed months on the official exchange contract specifications page. |
| Settlement | Cash-settled to the VIX special opening quotation (SOQ). |
Last verified November 10, 2026.
This is the supplied source-note date, not confirmation of every live field. Dated sources and fields requiring exchange confirmation are identified below.
Specifications use the official Cboe material supplied for November 10, 2026. VIX futures are not a direct holding in spot VIX.
Micro, mini, and related smaller contracts
Mini VIX (VXM): $100 multiplier, 0.01 tick = $1.00, same hour blocks and settlement-date convention. The CFE parameter table updated November 10, 2026 lists the VXM simple tick as 0.01.
Worked tick and 1% example
Hypothetical arithmetic illustration only — not a current price, projection, trading result, or recommendation.
One outright tick changes one VX contract by $50. Four ticks change it by 4 × $50 = $200, in either direction, before costs.
Assume a made-up quotation of 20 VIX points. A 1% price change is 0.2 in those quote units. Multiplying by 1,000 gives $200 for one contract. The same move against a position produces a loss of that amount before costs.
Commissions, fees, bid-ask spreads, and slippage are excluded. Leverage can lead to losses larger than your deposit; a 1% price move is not a 1% account-equity move.
Margin and leverage
Margin is a performance bond, not the purchase price or a limit on loss. Exchange requirements and carrying-firm requirements can change; the firm may require more and may liquidate positions when requirements are not met. No margin dollar amounts are quoted here.
Official exchange product and margin information · Margin and Leverage in Futures
What moves the market
S&P 500 option prices, expected volatility, event uncertainty, and the futures term structure matter. VX need not equal the spot VIX index.
Reading the Economic Calendar explains scheduled-release timing. Unscheduled news can also move prices; stops do not guarantee an exit price.
Rollover and expiration
Standard settlement date is Wednesday 30 days before the third Friday of the following month, with Cboe holiday rules. Confirm each expiry.
A roll closes one contract month and opens another; spreads, costs, and execution risk remain. Firm deadlines may be earlier than exchange deadlines. See Contract Rollover, First Notice Day, and Last Trading Day.
Frequently asked questions
What is the contract size and tick value?
VX: $1,000 × VIX futures quotation; 0.05 = $50; spread legs may use 0.01 = $10.
Is there a smaller related contract?
Mini VIX (VXM): $100 multiplier, 0.01 tick = $1.00, same hour blocks and settlement-date convention. The CFE parameter table updated November 10, 2026 lists the VXM simple tick as 0.01.
How does settlement and expiration work?
Cash-settled to the VIX special opening quotation (SOQ). Standard settlement date is Wednesday 30 days before the third Friday of the following month, with Cboe holiday rules. Confirm each expiry.
Does a smaller contract or a stop remove risk?
No. Futures remain leveraged; you can lose more than your initial deposit. Smaller contracts change dollar exposure, not market direction. Stops do not guarantee a fill at the stop price.
Talk it through, if that would help
Ask about contract mechanics or practicing with simulated funds. There is no obligation to open an account.
Demo accounts use simulated funds. Demo results do not reflect real trading and are not indicative of future results. Features, terms, and availability can change.
Drew Rathgeber, President
949-996-4611 · drathgeber@profuturestrader.com