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VX-CBOE S&P 500 Volatility Index (VIX) Futures

Futures on VIX®, CBOE's trademark Market Volatility Index®, provide a pure play on implied volatility independent of the direction and level of stock prices. VIX futures may also provide an effective way to hedge equity returns and to diversify portfolios. For a detailed explanation of the VIX calculation and a primer on VIX futures, please visit the education page.