VIX FUTURES COT report
VIX FUTURES - CBOE FUTURES EXCHANGE positioning from the CFTC Legacy report. Net positions equal long contracts minus short contracts. Commercial, non-commercial and non-reportable classifications describe participants; they are not buy or sell signals.
Positions as of 2026-10-27. Open interest: 378372 contracts. This is the latest stored observation, not live trading data.
How are traders positioned?
| Category | Long | Short | Net contracts |
|---|---|---|---|
| Non-commercial | 91264 | 168730 | -77466 |
| Commercial | 189314 | 110265 | 79049 |
| Non-reportable | 21802 | 23385 | -1583 |
Non-commercial percentile: 37 across 82 stored observations. This is the share of sampled net positions at or below the latest value, not a price forecast.
Position history in contracts
| Observation date | Non-commercial net |
|---|---|
| 2026-10-27 | -77466 |
| 2026-10-20 | -96509 |
| 2026-10-13 | -96455 |
| 2026-10-06 | -91294 |
| 2026-09-29 | -79610 |
| 2026-09-22 | -79280 |
| 2026-09-15 | -86585 |
| 2026-09-08 | -94829 |
| 2026-09-01 | -84185 |
| 2026-08-25 | -78164 |
| 2026-08-18 | -89446 |
| 2026-08-11 | -74934 |
| 2026-08-04 | -61109 |
| 2026-07-28 | -63413 |
| 2026-07-21 | -76861 |
| 2026-07-14 | -65783 |
| 2026-07-07 | -64124 |
| 2026-06-30 | -58486 |
| 2026-06-23 | -66774 |
| 2026-06-16 | -66739 |
| 2026-06-09 | -74420 |
| 2026-06-02 | -69952 |
| 2026-05-26 | -54484 |
| 2026-05-19 | -55769 |
| 2026-05-12 | -48961 |
| 2026-05-05 | -24683 |
| 2026-04-28 | -27842 |
| 2026-04-21 | -27262 |
| 2026-04-14 | -24304 |
| 2026-04-07 | -20388 |
| 2026-03-31 | -31158 |
| 2026-03-24 | -24975 |
| 2026-03-17 | -46401 |
| 2026-03-10 | -42835 |
| 2026-03-03 | -55743 |
| 2026-02-24 | -54863 |
| 2026-02-17 | -71817 |
| 2026-02-10 | -65088 |
| 2026-02-03 | -80635 |
| 2026-01-27 | -74986 |
| 2026-01-20 | -89223 |
| 2026-01-13 | -92363 |
| 2026-01-06 | -88250 |
| 2025-12-30 | -90403 |
| 2025-12-23 | -81235 |
| 2025-12-16 | -74492 |
| 2025-12-09 | -75511 |
| 2025-12-02 | -63828 |
| 2025-11-25 | -54674 |
| 2025-11-18 | -80007 |
| 2025-11-10 | -77022 |
| 2025-11-04 | -85632 |
| 2025-10-28 | -71589 |
| 2025-10-21 | -71273 |
| 2025-10-14 | -97390 |
| 2025-10-07 | -120434 |
| 2025-09-30 | -104612 |
| 2025-09-23 | -101193 |
| 2025-09-16 | -101689 |
| 2025-09-09 | -107810 |
| 2025-09-02 | -106952 |
| 2025-08-26 | -93138 |
| 2025-08-19 | -92787 |
| 2025-08-12 | -83138 |
| 2025-08-05 | -86472 |
| 2025-07-29 | -67125 |
| 2025-07-22 | -50595 |
| 2025-07-15 | -44533 |
| 2025-07-08 | -39220 |
| 2025-07-01 | -35336 |
| 2025-06-24 | -22987 |
| 2025-06-17 | -19155 |
| 2025-06-10 | -4466 |
| 2025-06-03 | -3398 |
| 2025-05-27 | -5765 |
| 2025-05-20 | 4424 |
| 2025-05-13 | 6099 |
| 2025-05-06 | 10943 |
| 2025-04-29 | 4240 |
| 2025-04-22 | -5745 |
| 2025-04-15 | -17297 |
| 2025-04-08 | -13973 |
Historical AI commentary — 2026-07-07
This commentary is dated separately from the positioning table. It may describe an earlier market environment.
SUMMARY: VIX futures show extreme positioning with asset managers at their lowest net long in 156 weeks (0th percentile) while dealers hold their largest net long (100th percentile). This extreme divergence suggests the market is heavily hedged against volatility, but with VIX trading near its 13th percentile price level at 15.03, the crowded short-volatility trade faces mean-reversion risk if ...
How should this COT report be used?
Use positioning to understand exposure and crowded trades alongside price, liquidity and risk controls. Weekly reports generally describe Tuesday positions released on Friday, subject to the CFTC schedule. Classifications differ in TFF and Disaggregated reports. Compare like-for-like formats and dates.
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