VXX Options
iPath Series B S&P 500 VIX Short-Term Futures ETN Options Chain, Implied Volatility & Greeks
Comprehensive options market data for iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX). Explore implied volatility patterns, options chain liquidity, gamma exposure levels, and key market metrics.
VXX Options at a Glance
What's Covered in This Guide
1 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
Key Dates
VXX is an actively traded options name in the Volatility ETN space.
2 VXX Options Market Overview
VXX options offer good liquidity for traders seeking exposure to Volatility ETN.
Liquidity Assessment: Good
VXX options provide good liquidity for most trading strategies.
3 VXX Volatility Profile
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).
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.
VXX 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.
4 Common VXX Options Strategies
These are strategies commonly used by traders on VXX options, based on typical market characteristics. This is not investment advice.
Used by VXX traders for directional exposure. Good liquidity supports efficient execution.
Used by VXX traders for volatility exposure. Good liquidity supports efficient execution.
Used by VXX traders for neutral exposure. Good liquidity supports efficient execution.
Used by VXX traders for precision exposure. Good liquidity supports efficient execution.
Used by VXX traders for income exposure. Good liquidity supports efficient execution.
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
Frequently Asked Questions: 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.
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VXX Analytics
VXX Key Events
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