Crash Got You Shaking With Anxiety? The CBOE Will Allow You To Put Your VIX Positions On 20 Minutes Earlier

Tyler Durden's picture

It may not be quite the Lehman weekend when the first ever Sunday CDS trading allowed pros to get out of Dodge early, but those who can't wait to put some insurance on against the market crash that is currently roiling the world, with everything tumbling in what is becoming a carbon copy replica of 2008, will be able to do so 20 minutes earlier. The CBOE has announced that"beginning on Monday, September 26, the CBOE Volatility Index (VIX) futures contract opening time moves to 7:00 a.m. from 7:20 a.m., pending regulatory approval. The 3:15 p.m. closing time for VIX futures remains unchanged. The earlier opening offers market participants more time to establish or offset VIX futures positions surrounding potential market-moving events - overnight news, banking actions or key economic reports - before the general market opens." Judging by /ES, something tells us the line around the block to put these on will be longer than for the new iPhone if and when it comes.

Full release:

CBOE Futures Exchange, LLC (CFE) today announced that beginning on Monday, September 26, the CBOE Volatility Index (VIX) futures contract opening time moves to 7:00 a.m. from 7:20 a.m., pending regulatory approval. The 3:15 p.m. closing time for VIX futures remains unchanged.

 

The earlier opening offers market participants more time to establish or offset VIX futures positions surrounding potential market-moving events - overnight news, banking actions or key economic reports - before the general market opens.

 

CFE first established extended trading hours for VIX futures in December 2010 when the opening time moved to 7:20 a.m. from 8:30 a.m. (Chicago time).

 

The 7:00 a.m. opening time applies to VIX futures only. All other CFE products maintain current trading hours - 8:30 a.m. to 3:15 p.m. (Chicago time). For more information on new extended trading hours, see CFE Information Circular CFEIC11-053 at http://cfe.cboe.com/aboutcfe/infocirc.aspx.

 

CFE currently offers five different contracts: CBOE Volatility Index (VIX) futures, Mini VIX (VM) futures, CBOE Gold ETF Volatility Index futures (GVZ), CBOE S&P 500 3-Month Variance futures (VT) and Weekly Options on Mini VIX futures (VOW).