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Marché
Rapport
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COT VIX

Période
Échelle

As-of mardi · close vendredi · source CFTC

Long vs Short

Long et short en % d’OI (catégorie focus)

Δ 4 semaines

Variation du net vs le rapport d’il y a 4 semaines

Cette semaine

Catégorie Long Short Spreading Net Δ Long Δ Short Δ Net % OI long % OI short

Historique

Volatility · Cboe Futures Exchange

What is the VIX futures contract?

VIX (Cboe futures)

A long means…

Exposure to rising 30-day S&P 500 implied volatility on that futures expiry — not to a rising S&P index.

What is this?

The VIX is Cboe’s estimate of 30-day implied volatility drawn from S&P 500 options. It is not the equity index: the CFE future settles to the VIX at expiry, not to the S&P level. Historically the VIX often rises when the S&P falls — hence its use as a hedge, or as a view on volatility independent of market direction.

Prices across expiries form a curve: the future quotes where the market puts the VIX on that date, not today’s VIX. Buying an expiry is therefore not buying “cash VIX”.

Pitfalls

  • Not the S&P 500 (13874+): long VIX is not a short ES by contract design.
  • Not spot VIX: the future has a curve and a roll.
  • Cboe CFE (XCBF, 1170E1), not CME; do not add Mini VIX.
  • Not a volatility ETF (VIXY, UVXY, and the like).

Univers LIX

Le positionnement n’est pas le risque

Le COT décrit qui est positionné. Le LIX décrit le niveau de risque de marché — 12 indicateurs, hors COT.