CBOE Options on iPath S&P 500 VIX Mid-Term Futures Index ETN
Template:Infobox Midpage Need Sponsor Right Options on the iPath® S&P 500® Mid-Term VIX® Futures Index ETN (VXZ) were introduced for trading at CBOE on May 28, 2010.
The VXZ ETN is based on The S&P 500 VIX Mid-Term Futures™ Index, which is designed to provide access to equity market volatility through CBOE Volatility Index® ("VIX") futures. Specifically, the S&P 500 VIX Mid-Term Futures™ Index offers exposure to a daily rolling long position in the fourth, fifth, sixth and seventh month VIX futures contracts and reflects the implied volatility of the S&P 500® Index five months later. The Index futures roll continuously throughout each month from the fourth month VIX futures contract into the seventh month VIX futures contract.
CBOE simultaneously introduced trading in CBOE Options on the iPath® S&P 500® VIX® Short-Term Futures Index ETN.
Important information about the VXX and VXZ ETNs is contained in the Prospectus for VXX and VXZ.