ETF · ETFs - Leveraged
VXX Implied Volatility, IV Rank & Options Chain
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX).
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Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
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On this page
VXX options trade with implied volatility typically in the 40% - 120% range, averaging 200K+ contracts in daily volume with good liquidity. Next earnings: Check earnings calendar. Weekly options and LEAPS are available.
VXX live implied volatility
Refreshed every 15 minAs of 12:48 p.m. ET, Oct 27, 2026, VXX's 30-day implied volatility is 74.3%, placing its 1-year IV percentile at 80 — above 80% of the past year's daily IV readings, an elevated, premium-selling regime favoring credit spreads, iron condors and short strangles.
VXX live chain, Greeks and GEX
TerminalEvery figure above is reference data. The live VXX chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.
VXX options at a glance
- Daily volume
- 200K+ contracts
- IV range
- 40% - 120%
- Bid-ask spread
- Varies by strike
- Expirations
- Weekly, monthly, LEAPS
- Open interest
- 1M+ contracts
- Next earnings
- Check earnings calendar
About iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX)
iPath Series B S&P 500 VIX Short-Term Futures ETN trades on CBOE. Options on VXX are actively traded by retail and institutional investors.
Company profile
- Sector
- ETF
- Industry
- Volatility ETN
- Market cap
- ETF
- Exchange
- CBOE
Key dates
- Next earnings
- Check earnings calendar
- Earnings frequency
- Quarterly
- Dividend schedule
- Varies
- Fiscal year end
- December
VXX is an actively traded options name in the Volatility ETN space.
ApexVol Terminal
Options analytics, live.
Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
- Live chains and Greeks
- IV rank and percentile
- Expected move and GEX
- Screener and strategy P&L
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VXX options market overview
VXX options offer good liquidity for traders seeking exposure to Volatility ETN.
- Average daily volume
- 200K+ contracts
- Total open interest
- 1M+ contracts
- Put/call ratio
- 0.6 - 1.0 typical
- Typical ATM spread
- Varies by strike
- Weekly options
- Available
- LEAPS available
- Yes
Liquidity assessment: Good
VXX options provide good liquidity for most trading strategies.
VXX implied volatility and IV rank
VXX implied volatility reflects market expectations for iPath Series B S&P 500 VIX Short-Term Futures ETN price movement.
Earnings impact
IV typically increases before earnings and contracts afterward (IV crush).
The post-earnings volatility drop is known as IV crush. Holders of short VXX options should also understand early assignment risk around dividends and expiration.
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.
The smile, the term structure and the cone for VXX, on today's chain.
Open VXX in IV IntelligenceVXX gamma exposure (GEX)
Gamma Exposure (GEX) analysis for VXX 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.
Where the gamma sits on VXX right now, strike by strike.
See live VXX GEXCommon VXX options strategies
These are strategies commonly used by traders on VXX options, based on typical market characteristics. This is not investment advice.
Key considerations for VXX options
- VXX 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
VXX key events
Earnings months. Q1, Q2, Q3, Q4
- Industry conferences
- Product announcements
- Regulatory updates
VXX options data by API, or in Claude
Every number on this page is one request away. The implied volatility API returns VXX's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
"https://apexvol.com/api/mcp/data/iv-rank/VXX"What is VXX's IV rank right now, and where is its gamma flip?
Claude calls get_iv_rank and get_gexTry GEX on VXX in the console, more prompts for VXX, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.
- Written by
- ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use. - Reviewed by
- Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.
Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →
Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.
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Questions
Frequently asked
about VXX options.
What are VXX options?
VXX options are derivative contracts that give you the right to buy (call) or sell (put) iPath Series B S&P 500 VIX Short-Term Futures ETN shares at a specific price before expiration.
How do I analyze VXX implied volatility?
VXX 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 VXX options?
VXX options have good liquidity with typical spreads varying by strike and expiration. ATM options generally have tighter spreads.
When does VXX report earnings?
iPath Series B S&P 500 VIX Short-Term Futures ETN typically reports earnings quarterly. Check the earnings calendar for exact dates as IV tends to increase before announcements.
What strategies work best for VXX options?
Popular VXX strategies include vertical spreads, straddles, and iron condors. Strategy selection depends on market outlook and risk tolerance.
What is the best time to trade VXX options?
The most liquid trading hours for VXX 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 VXX option Greeks?
Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for VXX options across all strikes and expirations.
What happens to VXX options at expiration?
In-the-money VXX options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.
What is VXX's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence VXX's intraday price action. GEX profile varies based on market conditions and option positioning. Dealer hedging activity can influence price behavior at key gamma levels. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live VXX GEX levels and the gamma-flip point on ApexVol.
What is VXX's IV rank?
VXX's IV rank shows where VXX's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. VXX implied volatility typically ranges from 40% - 120%. Check VXX's live IV rank and percentile on ApexVol's IV analytics.
Keep reading
Where VXX
gets priced.
VXX analytics
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