ProShares - Ultra VIX Short-Term Futures ETF (UVXY · ETF)
Overview · Option chain · Volatility · Expected-move history
Cboe delayed options data · as of 00:46 UTC · Figures derived from the full chain (1,296 contracts, 13 expirations) · IV own-history percentile appears after 60 recorded days (29 so far)
Expected move · Nov 20, 2026 (32 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 ±28.1% (range 12.54–22.36) by Nov 20, 2026. ATM straddle: 4.91 @ strike 17.5 · ATM IV: 119.9%.
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) |
|---|---|---|---|
| 15.71 | -10% | 54.7% | 45.3% |
| 16.58 | -5% | 48.7% | 51.3% |
| 17.45 | +0% | 43.0% | 57.0% |
| 18.32 | +5% | 37.7% | 62.3% |
| 19.20 | +10% | 32.8% | 67.2% |
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: Nov 20, 2026 · lognormal model with 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. |
|---|---|---|---|---|
| Oct 23, 2026 | 4 | ±9.8% | 117.1% | 40.2K |
| Oct 30, 2026 | 11 | ±15.0% | 108.2% | 23.0K |
| Nov 06, 2026 | 18 | ±20.1% | 113.4% | 17.6K |
| Nov 13, 2026 | 25 | ±25.4% | 122.0% | 9,973 |
| Nov 20, 2026 | 32 | ±28.1% | 119.9% | 24.4K |
| Nov 27, 2026 | 39 | ±28.7% | 111.2% | 4,551 |
| Dec 18, 2026 | 60 | ±34.8% | 110.2% | 25.5K |
| Jan 15, 2027 | 88 | ±43.4% | 114.7% | 36.3K |
| Mar 19, 2027 | 151 | ±56.7% | 116.3% | 7,899 |
Open interest by strike · Nov 20
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): 24 C · 15.3K20 C · 11.7K23 C · 7,86617 C · 7,26416 C · 6,588
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
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 121 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 90.9% of the time.
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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