Thirteen Things You Should Know About Trading VIX options

If you want to trade options on fear I’ve listed some things below that you should know.  If you are interested in other volatility investments besides options see “10 Top Questions About Volatility“.  Regarding VIX options: Your brokerage account needs to be a margin account, and you need to sign up for options trading.   There are various levels of option trading available (e.g., the …

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FAQ on VIX, the “Fear Index”

Why do they call the VIX Index the “Fear Index” or “Fear Gauge” Because the VIX almost always goes up when the market goes down. The scarier the decline the higher the VIX tends to go. In the worst part of the 2008/2009 bear market it went as high as 80. In strong bull markets it historically bounces between 10 and 15. How can I …

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VIX quotes, options chains, and correct greeks for VIX options

You can get free delayed VIX option quotes at freerealtime.com or Yahoo Finance using the ^VIX symbol.  Go to here for options calenders giving the correct expiration dates (always last trading on a Tuesday, expiration on a Wednesday morning) Schwab uses $VIX as the ticker symbol, Fidelity uses VIX, Yahoo uses ^VIX. VIX Settlement values (the price used to evaluate loss/gain at expiration) use symbol VRO …

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2020 Option Expiration Calendars

The CBOE and the Options Clearing Corporation both publish nice options expiration calendars. Calendars from both sources show the VIX expiration date, which is when monthly VIX options and futures expire.   The last trading for these securities is the previous trading day or in some cases pre-market trading the day of expiration. 2020 The Options Clearing Corporation  2020 Expiration Calendar (does not include VIX weekly …

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VIX quotes, VIX option quotes

You can get delayed VIX quotes on Yahoo with the symbol ^VIX You can also get VIX option quotes here.  Go to here for the correct expiration dates (always last trading on a Tuesday, expiration on a Wednesday morning) You can get free delayed quotes for VIX options on LIVEVOL that also provides correctly computed greeks for these options–something none of the big brokers gets right. …

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