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VIX Expiration Calendar

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by Gavin in Blog
June 20, 2022 0 comments
vix expiration calendar

Below you will find the VIX expiration calendar for 2022, 2023, and 2024, plus historical expiration dates going back to 2004.

Contents

What Is VIX?

VIX is an index that represents the market expectations for volatility over the next 30 days.

This index is derived directly from a large basket of different SPX options.

This allows the index to consider things such as skew and curvature.

Essentially it provides a good overall picture of implied volatility across the S&P 500 surface.

Therefore, the VIX shows a snapshot of implied volatility for the S&P 500.

VIX Expiration Details

VIX options (and VIX futures, for that matter) typically expire on Wednesday, with the last full day of trading being Tuesday.

Expiration dates are the same for VIX futures and VIX options.

The standard expiration date is 30 days before SPX option expiration, although bank holidays can impact this.

The expiration date for VIX futures and VIX options is usually 30 days before the Third Friday of the next month.

Expiring futures contracts cease trading at 8:00 am Chicago time / 9:00 am New York time on the final settlement day.

Expiring options cease trading at the close of the regular trading session the day before.

Weekly VIX Options

Weekly VIX options started trading on October 8th, 2015.

Expiration dates follow the same rules and the regular monthly options and is always 30 days before the weekly SPX option expiration.

Like monthly VIX options, this is usually a Wednesday, unless there is a bank holiday.

The VIX expiration calendars below, only display the monthly expiration dates.

VIX Expiration Calendar 2022

19 January 2022
16 February 2022
15 March 2022
20 April 2022
18 May 2022
15 June 2022
20 July 2022
17 August 2022
21 September 2022
19 October 2022
16 November 2022
21 December 2022

VIX Expiration Calendar 2023

18 January 2023
15 February 2023
22 March 2023
19 April 2023
17 May 2023
21 June 2023
19 July 2023
16 August 2023
20 September 2023
18 October 2023
15 November 2023
20 December 2023

VIX Expiration Calendar 2024

17 January 2024
14 February 2024
20 March 2024
17 April 2024
22 May 2024
19 June 2024
17 July 2024
21 August 2024
18 September 2024
16 October 2024
20 November 2024
18 December 2024

VIX Expiration Calendar History – 2004-2021

2004

19 May 2004
16 June 2004
14 July 2004
18 August 2004
15 September 2004
13 October 2004
17 November 2004

2005

19 January 2005
16 February 2005
16 March 2005
18 May 2005
15 June 2005
17 August 2005
19 October 2005
16 November 2005
21 December 2005

2006

18 January 2006
15 February 2006
22 March 2006
19 April 2006
17 May 2006
21 June 2006
19 July 2006
16 August 2006
20 September 2006
18 October 2006
15 November 2006
20 December 2006

2007

17 January 2007
14 February 2007
21 March 2007
18 April 2007
16 May 2007
20 June 2007
18 July 2007
22 August 2007
19 September 2007
17 October 2007
21 November 2007
19 December 2007

2008

16 January 2008
19 February 2008
19 March 2008
16 April 2008
21 May 2008
18 June 2008
16 July 2008
20 August 2008
17 September 2008
22 October 2008
19 November 2008
17 December 2008

2009

21 January 2009
18 February 2009
18 March 2009
15 April 2009
20 May 2009
17 June 2009
22 July 2009
19 August 2009
16 September 2009
21 October 2009
18 November 2009
16 December 2009

2010

20 January 2010
17 February 2010
17 March 2010
21 April 2010
19 May 2010
16 June 2010
21 July 2010
18 August 2010
15 September 2010
20 October 2010
17 November 2010
22 December 2010

2011

19 January 2011
16 February 2011
16 March 2011
20 April 2011
18 May 2011
15 June 2011
20 July 2011
17 August 2011
21 September 2011
19 October 2011
16 November 2011
21 December 2011

2012

18 January 2012
15 February 2012
21 March 2012
18 April 2012
16 May 2012
20 June 2012
18 July 2012
22 August 2012
19 September 2012
17 October 2012
21 November 2012
19 December 2012

2013

16 January 2013
13 February 2013
20 March 2013
17 April 2013
22 May 2013
19 June 2013
17 July 2013
21 August 2013
18 September 2013
16 October 2013
20 November 2013
18 December 2013

2014

22 January 2014
19 February 2014
18 March 2014
16 April 2014
21 May 2014
18 June 2014
16 July 2014
20 August 2014
17 September 2014
22 October 2014
19 November 2014
17 December 2014

2015

21 January 2015
18 February 2015
18 March 2015
15 April 2015
20 May 2015
17 June 2015
22 July 2015
19 August 2015
16 September 2015
21 October 2015
18 November 2015
16 December 2015

2016

20 January 2016
17 February 2016
16 March 2016
20 April 2016
18 May 2016
15 June 2016
20 July 2016
17 August 2016
21 September 2016
19 October 2016
16 November 2016
21 December 2016

2017

18 January 2017
15 February 2017
22 March 2017
19 April 2017
17 May 2017
21 June 2017
19 July 2017
16 August 2017
20 September 2017
18 October 2017
15 November 2017
20 December 2017

2018

17 January 2018
14 February 2018
21 March 2018
18 April 2018
16 May 2018
20 June 2018
18 July 2018
22 August 2018
19 September 2018
17 October 2018
21 November 2018
19 December 2018

2019

16 January 2019
13 February 2019
19 March 2019
17 April 2019
22 May 2019
19 June 2019
17 July 2019
21 August 2019
18 September 2019
16 October 2019
20 November 2019
18 December 2019

2020

22 January 2020
19 February 2020
18 March 2020
15 April 2020
20 May 2020
17 June 2020
22 July 2020
19 August 2020
16 September 2020
21 October 2020
18 November 2020
16 December 2020

2021

20 January 2021
17 February 2021
17 March 2021
21 April 2021
19 May 2021
16 June 2021
21 July 2021
18 August 2021
15 September 2021
20 October 2021
17 November 2021
22 December 2021

FAQ

What day do VIX futures expire?

The last trading day for VIX options is the day before settlement.

VIX futures contracts usually expire on Wednesday morning, so will cease trading at 3:15 pm Chicago on Tuesday.

What day do VIX options expire?

The last trading day for VIX options is the day before settlement.

VIX futures contracts usually expire on Wednesday morning, so will cease trading at 3:15 pm Chicago on Tuesday.

What happens when VIX options expire?

VIX options are cash settled. The settlement value of VIX is determined by the Special Opening Quotation (SOQ), which is calculated based on the opening prices of S&P500 options on VIX option expiration. The cash is delivered on the business day following expiration.

Do VIX options expire in the morning?

The final settlement for VIX options occurs on the morning of expiration (usually a Wednesday), although the final trading occurs on Tuesday afternoon.

How do I exercise my VIX options?

Any in the money VIX options will be automatically exercised at expiration without needing to give any instructions to your broker.

However, it is always best to check with your broker and note that additional fees can be associated with option assignment.

Can you trade VIX on weekends?

Stock markets are closed on weekends, and it is no different for the VIX index and VIX options. You cannot trade VIX options on the weekend.

What is the best time to trade volatility index?

Markets can be particularly volatile in the first and last half hours of trading.

As such, it is best to avoid these times when trading volatility products.

How do you trade when VIX is high?

VIX is a fear index and is typically mean-reverting.

This means it generally reverts to its historical average level over time.

As the saying goes, “When VIX is high, it’s time to buy. When VIX is low, it’s time to go.”

Option traders will look to sell volatility when VIX is high and buy volatility when VIX is low.

When the VIX is high it time to buy?

“When the VIX is high, it’s time to buy” is a famous saying in the stock market.

A high VIX reading means market participants have become too fearful and bearish.

If you have a long-term time frame, it can be a great time to buy when VIX is high.

What does a VIX of 30 mean?

A VIX of 30 means the market has heightened uncertainty and fear.

VIX below 20 indicates more table periods in the market with less uncertainty and fear.

Why does VIX go down when the market goes up?

VIX generally goes down when the market goes up because there is less fear and uncertainty during a bull market.

What’s the highest the VIX has ever been?

The highest intraday reading of VIX was 89.53 on October 24, 2008.

The highest closing value of VIX was 82.69 on March 16, 2020.

The VIX index did not exist in 1987, but it is estimated it would have closed at 150.19 on Black Monday!

Conclusion

There you have the VIX expiration calendar for 2004 to 2024.

If you have any questions about this, please send us an email or leave a comment below.

Trade safe!

Disclaimer: The information above is for educational purposes only and should not be treated as investment advice. The strategy presented would not be suitable for investors who are not familiar with exchange traded options. Any readers interested in this strategy should do their own research and seek advice from a licensed financial adviser.

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