VIX Futures These are tradable futures contracts on the VIX Index (CBOE volatility index). They are priced by calculating forward vol for 1-month expiries into the future. The prices typically trade at a premium above VIX spot due to the contango shape of the SPX volatility term structure. Related articles VIX Ref Volatility Skew How do I add symbols to my HIRO watchlist? What is The Hedge? How do I change the stock shown on the HIRO Chart?