VXZ - iPath Series B S&P 500 VIX Mid-Term Futures ETN
The iPath Series B S&P 500 VIX Mid-Term FuturesTM ETNs are designed to provide exposure to the S&P 500 VIX Mid-Term FuturesTM Index Total Return. The Index is designed to provide access to equity market volatility through CBOE Volatility Index futures.
As of May 15, 2026: spot at $56.06, ATM IV 33.0%, net GEX -$57.0K.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $37.3M
- Beta
- -0.98
- 52-Week Range
- 51.85-62.08
- IPO Date
- Jan 25, 2018
- Exchange
- CBOE
What VXZ Looks Like to Options Traders Today
IV rank of 33.3% sits near the 1-year median, where strategy choice depends on directional conviction and the event calendar rather than vol regime alone; negative net gamma exposure (-$57.0K) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (-0.088) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The VXZ 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 VXZ overview questions
- What is VXZ?
- VXZ is the ticker symbol for iPath Series B S&P 500 VIX Mid-Term Futures ETN, an listed exchange-traded fund. The iPath Series B S&P 500 VIX Mid-Term FuturesTM ETNs are designed to provide exposure to the S&P 500 VIX Mid-Term FuturesTM Index Total Return. The Index is designed to provide access to equity market volatility through CBOE Volatility Index futures. Listed on CBOE. VXZ 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 VXZ options snapshot look like today?
- As of May 15, 2026, the VXZ options snapshot shows spot at $56.06, ATM IV 33.0%, IV rank 33.3%, net GEX -$57.0K, expected move 9.46%. 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 VXZ's key statistics?
- iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carries a market capitalization of $37.3M, 52-week range of 51.85-62.08. 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 VXZ belong to?
- iPath Series B S&P 500 VIX Mid-Term Futures ETN 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 VXZ'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 VXZ 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.