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Crude Oil Volatility Index (VIX) Futures Contract Specs

Product Symbol CVF
Venue CME ClearPort, CME Globex
Hours
(All Times are New York Time/ET)
CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Multiplier $500
Price Quotation Index points
Minimum Fluctuation 0.01 index point
Floating Price The Floating Price shall be the volatility index as calculated by the Chicago Board Options Exchange using VIX Methodology from bids, offers on NYMEX Light Sweet Crude Oil Option on the Globex trading platform.
Termination of Trading Trading will terminate at 2:30 p.m. (1:30 p.m. Chicago Time/CT) 30 calendar days prior to the expiration of the first of the two underlying NYMEX Light Sweet Crude Oil Option. If such day is not an Exchange business day, trading shall cease on the business day immediately prior.
Listed Contracts 12 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 982
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.

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