What are 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. Interested in learning more? Related articles What is Volatility? What is VIX Ref? What is Volatility Skew? How do I add symbols to my watchlist? What is Variance?