-1x Short VIX Futures ETF (SVIX) Options Chain
The options chain displays all available contracts with end-of-day quotes, Greeks, volume, and open interest for each strike and expiration, and streams live quotes for traders who connect a broker. It is the primary tool for options trade selection.
-1x Short VIX Futures ETF (SVIX) operates in the Financial Services sector, specifically the Asset Management - Leveraged industry, with a market capitalization near $253.7M, listed on CBOE, carrying a beta of 2.95 to the broader market. This index tracks the inverse daily returns generated by a basket of VIX futures, comprising those set to expire in the nearest two months. public since 2022-03-30.
Snapshot as of Oct 14, 2026.
- Spot Price
- $28.98
- Total OI
- 91.3K
- Total Volume
- 10.8K
- Front Expiration
- 30 days
- Second Expiration
- 37 days
- ATM IV
- 52.3%
- Avg Bid/Ask Spread
- 47.80%
As of Oct 14, 2026, -1x Short VIX Futures ETF (SVIX) has 91.3K open contracts and 10.8K contracts traded. The nearest expiration is 30 days out, followed by 37 days. ATM implied volatility is 52.3%. Average bid/ask spread across the chain is 47.80%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How SVIX options chain Data Feeds Strategy Selection
Strategy selection on -1x Short VIX Futures ETF options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 52.3% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the SVIX chain depth
The listed-expirations table below shows every expiration available for -1x Short VIX Futures ETF options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. SVIX front expiration sits at 30 days - the typical hedging horizon for monthly options. The contango term-structure slope of 0.005 means longer-dated tenors price in proportionally more IV.
SVIX chain mechanics and execution
Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the SVIX chain is 47.80% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.
Using the SVIX chain to build structures
Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. SVIX's current 14.99% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.
Learn how the options chain is reported and how to read the data →
SVIX listed expirations
Per-expiration ATM implied volatility for SVIX options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.
| Expiration | DTE | ATM IV |
|---|---|---|
| Oct 16, 2026 | 2 | 49.6% |
| Oct 23, 2026 | 9 | 44.7% |
| Oct 30, 2026 | 16 | 47.7% |
| Nov 6, 2026 | 23 | 49.8% |
| Nov 13, 2026 | 30 | 52.3% |
| Nov 20, 2026 | 37 | 52.8% |
| Nov 27, 2026 | 44 | 55.5% |
| Dec 18, 2026 | 65 | 58.0% |
| Jan 15, 2027 | 93 | 57.8% |
| Mar 19, 2027 | 156 | 62.7% |
| Jun 17, 2027 | 246 | 65.7% |
| Sep 17, 2027 | 338 | 72.8% |
| Nov 19, 2027 | 401 | 68.8% |
| Jan 21, 2028 | 464 | 72.5% |
| Jun 16, 2028 | 611 | 71.3% |
| Dec 15, 2028 | 793 | 73.2% |
| Jan 19, 2029 | 828 | 73.1% |
Frequently asked SVIX options chain questions
- What does the SVIX options chain show right now?
- As of Oct 14, 2026, -1x Short VIX Futures ETF (SVIX) has 91.3K contracts outstanding and 10.8K traded today, with ATM IV of 52.3%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for SVIX options?
- The nearest expiration is 30 days out, followed by 37 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are SVIX options bid/ask spreads?
- Average bid/ask spread across the chain is 47.80%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.