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VIX Options

CharlotteIG

We've released options for the Volatility Index. You can find them on our platform under the options tab> Indices.

Options, when buying the call/ put, are a great way to get involved in market movement whilst having limited risk. 

Dealing hours : 09:00:00 – 21:15:00 GMT Monday-Friday
Contracts offered : Currently offer the next two months (November and December) 
Expiry for monthly options : Every 3rd Wednesday of the month
Last trade : 21:15 GMT the day before expiry
Settlement : Settled basis the Special Opening Quotation (SOQ) of VIX calculated by the opening prices of the SPX constituents used to calculate the VIX index on settlement date

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If you need any clarification on how options work, contact me through the community or give our help desk a call. 

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Have I got this right? the margin to open a vix option is a lot less than the margin to open a regular vix position. that also seems true for all options as well?

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On 06/11/2019 at 09:59, cryptotrader said:

Have I got this right? the margin to open a vix option is a lot less than the margin to open a regular vix position. that also seems true for all options as well?

When you're buying a call/put you put down your full loss (size x price of the option) which is the premium. If the market moves in your favor you will win as much as the market moves past your break even point. Below is an example for buying a call. 

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I only see VIX option contracts expiring in the current month and one month ahead, currently DEC and JAN, but others seem to have access to options expiring in MAR and beyond on other platforms. Will IG be offering options with later expiries in the future?

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Guest YTP

Posted

Are there limitations to nationality/location with this instrument?

Located in Scandinavia, and this instrument is not showing on my options list.

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8 minutes ago, Guest YTP said:

Are there limitations to nationality/location with this instrument?

Located in Scandinavia, and this instrument is not showing on my options list.

Might be, should be halfway down the Indices list, see pic;

image.png.cb70a7d8846633e0a46d25b4d001b3a6.png

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Guest YTP

Posted

55 minutes ago, Caseynotes said:

Might be, should be halfway down the Indices list, see pic;

image.png.cb70a7d8846633e0a46d25b4d001b3a6.png

 

Just got off the phone with Scandinavian helpdesk, and for unknown reasons, we are only offered barrier options of the VIX instrument. I certainly hope that we will also be offered the vanila instrument as well in the future.

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18 hours ago, Guest YTP said:

 

Just got off the phone with Scandinavian helpdesk, and for unknown reasons, we are only offered barrier options of the VIX instrument. I certainly hope that we will also be offered the vanila instrument as well in the future.

the reason an offering is not universal tends to be down to local law rather than down to IG but I hope you get them.

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