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2021 Cboe Exchange, Inc. All rights PaperCboe Volatility index Contents >Introduction ..3 >Volatility as a tradable asset: VIX Futures & Options ..3 >Beyond the VIX index ..4 >Historical Prices: The VIX index and Other Volatility Indexes ..4 >The VIX index Calculation: Step-by-Step ..4 >Getting Started ..5 >Step 1: Select the options to be used in the VIX index calculation ..6 >Step 2: Calculate volatility for both near-term and next-term options ..8 >Step 3: Calculate volatility for both near-term and next-term options (Cont d) ..9 >VIX index Filtering Algorithm ..10 >The Calculation of the Final Settlement Value for VIX Derivatives ..10 >Related VIX Values.

Contents > Introduction ... The new VIX Index is based on the S&P 500® Index (SPXSM), the core index for U.S. equities, and estimates expected volatility ... The call and put prices in the …

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