---
title: "VIX Futures Price | ProFuturesTrader"
url: https://profuturestrader.com/education/futures-markets/vix-futures
description: "Plain-English vix futures price guide: contract size, ticks, settlement, expiration, and risk. Educational only."
lang: en
---

Interest Rates and Volatility

# 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.

- Official contract specifications: https://www.cboe.com/tradable_products/vix/vix_futures/specifications
- Official Mini VIX fact sheet: https://cdn.cboe.com/resources/futures/mini-vix-fact-sheet.pdf

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: https://www.cboe.com/tradable_products/vix/vix_futures/specifications
·
Margin and Leverage in Futures: https://profuturestrader.com/education/margin-and-leverage

## 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 (https://profuturestrader.com/education/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 (https://profuturestrader.com/education/contract-rollover).

## 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?

### 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.

28-day demo: https://profuturestrader.com/demo
Platforms: https://profuturestrader.com/platforms

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 (9499964611) · drathgeber@profuturestrader.com

We use cookies, including X (Twitter) advertising cookies, to measure sign-ups and improve the site.

## Structured data

```json
[
  {
    "@context": "https://schema.org",
    "@type": "FinancialService",
    "name": "ProFuturesTrader",
    "description": "Professional futures trading platform with advanced charting, real-time data, and powerful tools for serious traders.",
    "url": "https://profuturestrader.com",
    "logo": "https://profuturestrader.com/favicon.png",
    "sameAs": [
      "https://twitter.com/profuturestrader"
    ],
    "address": {
      "@type": "PostalAddress",
      "addressCountry": "US"
    },
    "contactPoint": {
      "@type": "ContactPoint",
      "telephone": "+1-888-776-6359",
      "contactType": "customer service",
      "availableLanguage": "English"
    },
    "offers": {
      "@type": "Offer",
      "description": "Professional futures trading accounts"
    }
  },
  {
    "@context": "https://schema.org",
    "@type": "WebSite",
    "name": "ProFuturesTrader",
    "url": "https://profuturestrader.com",
    "potentialAction": {
      "@type": "SearchAction",
      "target": "https://profuturestrader.com/?search={search_term_string}",
      "query-input": "required name=search_term_string"
    }
  },
  {
    "@context": "https://schema.org",
    "@type": "BreadcrumbList",
    "itemListElement": [
      {
        "@type": "ListItem",
        "position": 1,
        "name": "Home",
        "item": "https://profuturestrader.com/"
      },
      {
        "@type": "ListItem",
        "position": 2,
        "name": "Education",
        "item": "https://profuturestrader.com/education"
      },
      {
        "@type": "ListItem",
        "position": 3,
        "name": "Futures Markets and Contracts",
        "item": "https://profuturestrader.com/education/futures-markets"
      },
      {
        "@type": "ListItem",
        "position": 4,
        "name": "Interest Rates and Volatility",
        "item": "https://profuturestrader.com/education/futures-markets/interest-rates-volatility"
      },
      {
        "@type": "ListItem",
        "position": 5,
        "name": "VIX Futures Price",
        "item": "https://profuturestrader.com/education/futures-markets/vix-futures"
      }
    ]
  },
  {
    "@context": "https://schema.org",
    "@type": "Article",
    "headline": "VIX Futures Price",
    "dateModified": "2026-11-10",
    "author": {
      "@type": "Person",
      "name": "Drew Rathgeber",
      "jobTitle": "President, Series 3 since 2006",
      "worksFor": {
        "@type": "Organization",
        "name": "ProFuturesTrader LLC"
      }
    },
    "publisher": {
      "@type": "Organization",
      "name": "ProFuturesTrader LLC"
    },
    "mainEntityOfPage": "https://profuturestrader.com/education/futures-markets/vix-futures"
  },
  {
    "@context": "https://schema.org",
    "@type": "Organization",
    "name": "ProFuturesTrader LLC",
    "identifier": {
      "@type": "PropertyValue",
      "propertyID": "NFA ID",
      "value": "0552506"
    },
    "url": "https://profuturestrader.com"
  },
  {
    "@context": "https://schema.org",
    "@type": "FAQPage",
    "mainEntity": [
      {
        "@type": "Question",
        "name": "What is the contract size and tick value?",
        "acceptedAnswer": {
          "@type": "Answer",
          "text": "VX: $1,000 × VIX futures quotation; 0.05 = $50; spread legs may use 0.01 = $10."
        }
      },
      {
        "@type": "Question",
        "name": "Is there a smaller related contract?",
        "acceptedAnswer": {
          "@type": "Answer",
          "text": "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."
        }
      },
      {
        "@type": "Question",
        "name": "How does settlement and expiration work?",
        "acceptedAnswer": {
          "@type": "Answer",
          "text": "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."
        }
      },
      {
        "@type": "Question",
        "name": "Does a smaller contract or a stop remove risk?",
        "acceptedAnswer": {
          "@type": "Answer",
          "text": "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."
        }
      }
    ]
  }
]
```