In a futures account. Imagine, the VIB (VIX ten times) never goes down to the lower part from 100. Time to time, it always returns towards near its same low. It can vary from 2% or 5%. Sometimes much more. How to transform the VX future into cash machine? http://cfe.cboe.com/Products/historicalVIX.aspx
I find a graph of VIX but not VIB. Please someone post a link to a VIB futures price chart. http://www.futuresource.com/charts/charts.jsp?s=VIX&o=&a=W&z=610x300&d=medium&b=bar&st=
There is information about it: Product Specifications CBOE Volatility Index (VIX) Futures CONTRACT NAME: CBOE Volatility Index (VIX) Futures LISTING DATE: March 26, 2004 DESCRIPTION: The CBOE Volatility Index is based on real-time prices of options on the S&P 500 Index, listed on the Chicago Board Options Exchange (Symbol: SPX), and is designed to reflect investors' consensus view of future (30-day) expected stock market volatility. CONTRACT SIZE: $1000 times the VIX CONTRACT MONTHS: The Exchange may list for trading up to six near-term serial months and five months on the February quarterly cycle for the VIX futures contract. TRADING HOURS: 8:30 a.m. - 3:15 p.m. Central Time (Chicago Time) TRADING PLATFORM: CBOEdirect TICKER SYMBOLS: CBOE Volatility Index - VIX Increased-Value VIX - VBI* VIX Futures - VX *Note: Options Price Reporting Authority (OPRA) will publish VBI data as VXB for OPRA subscribers. Check with your quote vendor. MINIMUM PRICE INTERVALS/DOLLAR VALUE PER TICK: 0.01 points, equal to $10.00 per contract source : http://cfe.cboe.com/Products/Spec_VIX.aspx
An Excel information is available at this address : http://cfe.cboe.com/Products/historicalVIX.aspx f.ex : June 07 Trade Date,05/02/2007 Futures,Open,M (Jun 07),13.71 High,13.80 Low,13.55 Close,13.74 Settle,13.72 Change,-0.13, Total Volume,927 EFP,,0 Open Interest,6607 ,
I traded vix options once, got burnt on slippage and it moving against me. I'll write puts again only if it goes under 12.