UVIX - 2x Long VIX Futures ETF
The index measures the daily performance of a portfolio of long positions in first and second month VIX futures contracts. This theoretical portfolio is rolled each day to maintain a consistent time to maturity of the futures contracts. The index is calculated daily at 4:00 p.
As of May 15, 2026: spot at $5.17, ATM IV 113.6%, max pain $6.00, net GEX $355.6K.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $173.4M
- Beta
- -4.48
- 52-Week Range
- 5.05-35.966
- IPO Date
- Mar 30, 2022
- Exchange
- CBOE
What UVIX Looks Like to Options Traders Today
IV rank of 17.9% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); positive net gamma exposure ($355.6K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (-0.583) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The UVIX overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked UVIX overview questions
- What is UVIX?
- UVIX is the ticker symbol for 2x Long VIX Futures ETF, an listed exchange-traded fund. The index measures the daily performance of a portfolio of long positions in first and second month VIX futures contracts. This theoretical portfolio is rolled each day to maintain a consistent time to maturity of the futures contracts. Listed on CBOE. UVIX is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the UVIX options snapshot look like today?
- As of May 15, 2026, the UVIX options snapshot shows spot at $5.17, ATM IV 113.6%, IV rank 17.9%, max pain $6.00, net GEX $355.6K, expected move 32.57%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are UVIX's key statistics?
- 2x Long VIX Futures ETF (UVIX) carries a market capitalization of $173.4M, 52-week range of 5.05-35.966. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does UVIX belong to?
- 2x Long VIX Futures ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare UVIX's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the UVIX data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.