ProShares - Ultra VIX Short-Term Futures ETF (UVXY · ETF)
Overview · Option chain · Volatility · Expected-move history
Cboe delayed options data · as of Sep 02, 21:55 UTC · Figures derived from the full chain (1,422 contracts, 13 expirations) · IV own-history percentile appears after 60 recorded days (3 so far)
Expected move — Sep 18, 2026 (16 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±11.4% (range 15.93–20.02) by Sep 18, 2026. ATM straddle: 2.04 @ strike 18 · ATM IV: 68.0%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 16.17 | -10% | 74.8% | 25.2% |
| 17.07 | -5% | 61.4% | 38.6% |
| 17.97 | +0% | 47.2% | 52.8% |
| 18.87 | +5% | 33.9% | 66.1% |
| 19.77 | +10% | 22.9% | 77.1% |
Model-estimated probabilities of finishing above/below each level at expiration — estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Sep 18, 2026 · lognormal model, zero drift — an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Sep 04, 2026 | 2 | ±4.0% | 65.9% | 49.9K |
| Sep 11, 2026 | 9 | ±7.5% | 59.4% | 21.7K |
| Sep 18, 2026 | 16 | ±11.4% | 68.0% | 51.8K |
| Sep 25, 2026 | 23 | ±15.1% | 75.3% | 16.9K |
| Oct 02, 2026 | 30 | ±17.7% | 77.6% | 7,482 |
| Oct 09, 2026 | 37 | ±21.3% | 84.0% | 2,319 |
| Oct 16, 2026 | 44 | ±24.2% | 87.8% | 24.2K |
| Nov 20, 2026 | 79 | ±37.1% | 101.3% | 3,812 |
| Dec 18, 2026 | 107 | ±43.7% | 102.9% | 15.2K |
| Jan 15, 2027 | 135 | ±49.2% | 104.0% | 26.5K |
| Mar 19, 2027 | 198 | ±62.2% | 110.2% | 2,638 |
Open interest by strike — Sep 18
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 20 C · 9,68225 C · 7,27719 C · 7,10922 C · 6,14221 C · 5,462
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Track record
Full history →Every trading day we record what the options market is pricing for each expiration — before the outcome is known. Once expirations start resolving, this section compares expected versus actual, and the record is never rewritten. Recording since Aug 31, 2026.
About ProShares - Ultra VIX Short-Term Futures ETF
The ProShares Ultra VIX Short-Term Futures ETF aims to deliver daily investment outcomes, prior to the deduction of fees and expenses, that are one-and-a-half times (1.5x) the daily movement displayed by the S&P 500 VIX Short-Term Futures Index.
ETF · Asset Management - Leveraged · CBOE · Profile: Financial Modeling Prep
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