VIXY Options
ProShares VIX Short-Term Futures ETF Options Chain, Implied Volatility & Greeks
Comprehensive options market data for ProShares VIX Short-Term Futures ETF (VIXY). Explore implied volatility patterns, options chain liquidity, gamma exposure levels, and key market metrics.
VIXY Options at a Glance
What's Covered in This Guide
1 About ProShares VIX Short-Term Futures ETF (VIXY)
ProShares VIX Short-Term Futures ETF trades on CBOE. Options on VIXY are actively traded by retail and institutional investors.
Company Profile
Key Dates
VIXY is an actively traded options name in the Volatility ETF space.
2 VIXY Options Market Overview
VIXY options offer good liquidity for traders seeking exposure to Volatility ETF.
Liquidity Assessment: Good
VIXY options provide good liquidity for most trading strategies.
3 VIXY Volatility Profile
VIXY implied volatility reflects market expectations for ProShares VIX Short-Term Futures ETF price movement.
Earnings Impact
IV typically increases before earnings and contracts afterward (IV crush).
Historical Volatility vs IV
Compare IV to historical volatility to assess option pricing relative to realized moves.
Term Structure
Term structure varies with market conditions and upcoming events.
VIXY Gamma Exposure (GEX)
Gamma Exposure (GEX) analysis for VIXY shows how dealer hedging may impact price behavior.
Typical GEX Profile: GEX profile varies based on market conditions and option positioning.
Key Levels: Major put and call walls at round number strikes may act as support/resistance.
Dealer Hedging: Dealer hedging activity can influence price behavior at key gamma levels.
4 Common VIXY Options Strategies
These are strategies commonly used by traders on VIXY options, based on typical market characteristics. This is not investment advice.
Used by VIXY traders for directional exposure. Good liquidity supports efficient execution.
Used by VIXY traders for volatility exposure. Good liquidity supports efficient execution.
Used by VIXY traders for neutral exposure. Good liquidity supports efficient execution.
Used by VIXY traders for precision exposure. Good liquidity supports efficient execution.
Used by VIXY traders for income exposure. Good liquidity supports efficient execution.
Key Considerations for VIXY Options
- VIXY options liquidity: Good - affects execution quality
- IV range: 40% - 120% - important for premium selling strategies
- Earnings events can significantly impact IV and option prices
- Consider position sizing based on underlying volatility
- Weekly options available for short-term strategies
- LEAPS available for longer-term positioning
Frequently Asked Questions: VIXY Options
What are VIXY options?
VIXY options are derivative contracts that give you the right to buy (call) or sell (put) ProShares VIX Short-Term Futures ETF shares at a specific price before expiration.
How do I analyze VIXY implied volatility?
VIXY IV typically ranges from 40% - 55% during quiet periods to 80% - 120% around earnings and major events. Compare current IV to historical ranges to assess relative value.
What is the typical bid-ask spread for VIXY options?
VIXY options have good liquidity with typical spreads varying by strike and expiration. ATM options generally have tighter spreads.
When does VIXY report earnings?
ProShares VIX Short-Term Futures ETF typically reports earnings quarterly. Check the earnings calendar for exact dates as IV tends to increase before announcements.
What strategies work best for VIXY options?
Popular VIXY strategies include vertical spreads, straddles, and iron condors. Strategy selection depends on market outlook and risk tolerance.
What is the best time to trade VIXY options?
The most liquid trading hours for VIXY options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.
How do I calculate VIXY option Greeks?
Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for VIXY options across all strikes and expirations.
What happens to VIXY options at expiration?
In-the-money VIXY options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.
On This Page
VIXY Analytics
VIXY Key Events
Related Tickers
Analyze VIXY Options
Access real-time GEX levels, IV analytics, and options flow for VIXY.
Create Free Account View PlansExplore VIXY Options Data
Access institutional-grade analytics including gamma exposure, implied volatility, and real-time options flow.