Nasdaq-100 Volatility Index futures

For the modern-day volatility trader. Available October 5.

Subscribe for updates

Hedge exposure on the Nasdaq-100

Volatility can change frequently and, sometimes, dramatically. Change can create opportunity. Today, many market participants view volatility not only as a concept, but as a tradeable measure.  

Nasdaq-100 Volatility Index futures, or VOLQ futures, provide a way to hedge exposure to, or express a view on, the implied volatility of the Nasdaq-100 Index.

Upcoming live webinar: Navigating Volatility

October 1 | 8 a.m. CT

CME Group and Nasdaq experts will explain how VOLQ futures can reduce rebalancing and provide a way to hedge exposure to the Nasdaq-100 Volatility Index.

Key Benefits

Narrow focus to volatility

Express a view on changes in volatility without needing to manage strike prices, time decay, or the delta hedging of options.

Protect against sharp moves

Reduce risk by constructing hedges against market-moving events like earnings announcements, sharp market movements, political events, and more. 

Reduce rebalancing

Gain a similar payoff profile to straddles or strangles without the same degree of rebalancing needed to maintain target exposure.

About the underlying index

The VOLQ Index underlying the futures contract is an at-the-money focused approach to volatility measurement. The index is calculated based on the values of 32 Nasdaq-100 Index options: the two nearest in-the-money and out-of-the-money puts and calls for the next four weekly expirations.   

VOLQ futures estimate the implied volatility of at-the money options with 30 days until expiration. Therefore, at any given time, the futures reflect an estimate of forward volatility, which is the expected volatility of the Nasdaq-100 Index for the 30-day period that starts on the futures expiration date.

More about the index >

Watch “What is VOLQ?”

Learn how VOLQ futures work and why they are an effective way to trade volatility.

    Subscribe to receive updates on VOLQ futures

     Sign up and be one of the first to receive the latest announcements related to Nasdaq-100 Volatility Index futures (VOLQ).

    Preliminary contract specifications

    Underlying and multiplier $1,000 x the Nasdaq-100 Volatility Index (VOLQ)
    Ticker symbol VLQ
    Current contract notional value 1000 X 27.00 = $27,000
    Minimum tick 0.05
    Value of minimum tick $50.00
    Trading hours CME Globex: Sunday – Friday 6:00 p.m. – 5:00 p.m. ET with a trading halt from 4:15 p.m. – 4:30 p.m. ET
    Final settlement Cash-settled in US dollars

    Learn more about VOLQ futures

    FAQ

    Get answers to frequently asked questions about VOLQ futures and how they work.

    Fact card

    View a summary and preliminary contract specifications that you can download, share, and print.

    Nasdaq-100 Methodology Reference Guide

    Learn how to calculate the value of the Nasdaq-100 Volatility Index in this reference guide.

    Webinar: Navigating Volatility

    Register to attend a live webinar on VOLQ futures, taking place on Thursday, October 1 at 8 a.m. CT.

    Other helpful pages