VX tick value & contract specs
Cboe Volatility Index (VIX) Futures (VX) futures trade on CFE. The price moves in ticks of 0.05, each tick is worth $50 per contract, and a full one-point move is worth $1,000 per contract.
VX contract specifications
| Symbol | VX |
|---|---|
| Contract | Cboe Volatility Index (VIX) Futures |
| Exchange | CFE |
| Tick size | 0.05 |
| Tick value (per contract) | $50 |
| Point value (per contract) | $1,000 |
| Ticks per point | 20 |
The smaller version, VXM (Mini VIX Futures), is worth $1 per tick. VXM specs →
VX ticks to dollars
10 ticks × 1 contract = $500
VX tick value table
Dollar value of a move in VX before commissions, at $50 per tick per contract.
| Ticks | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 | $50 | $100 | $250 | $500 |
| 4 | $200 | $400 | $1,000 | $2,000 |
| 10 | $500 | $1,000 | $2,500 | $5,000 |
| 20 | $1,000 | $2,000 | $5,000 | $10,000 |
| 40 | $2,000 | $4,000 | $10,000 | $20,000 |
Worked example
You buy 2 VX contracts and the price rises 10 ticks. Profit before fees = 10 ticks × $50 × 2 contracts = $1,000. The same move against you is a loss of the same amount.
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Start free trial →Frequently asked questions
$50 per contract. VX moves in increments of 0.05, and each increment changes the value of one contract by $50.
$1,000 per contract. One point is 20 ticks of 0.05.
No. They are gross values from price movement alone. Your net result is lower by your broker's or prop firm's per-side fees; the fee guide lists current rates.
Futures P&L calculator with VX selectedFutures Position Size Calculator (Free, No Signup) — FillbookVIX Futures Trading Journal — FillbookAll futures tick values
These are the tick and point values Fillbook uses to calculate P&L on every logged VX trade. Confirm specifications with the exchange before trading. CFE contract specifications