


The VIX Index is a financial benchmark designed to be a market estimate of expected volatility of the S&P 500® Index, and is calculated using the midpoint of quotes of certain S&P 500 Index options as further described in the methodology, rules and other information here. The Cboe Volatility Index® (known as the VIX Index) is calculated and administered by Cboe Global Indices, LLC. Franklin Street, Suite 1200, Chicago, IL 60606. Copies of the ODD are available from your broker or from The Options Clearing Corporation, 125 S. Prior to buying or selling an option, a person should review the Characteristics and Risks of Standardized Options (ODD), which is required to be provided to all such persons. Options involve risk and are not suitable for all market participants. No statement provided should be construed as a recommendation to buy or sell a security, future, financial instrument, investment fund, or other investment product (collectively, a “financial product”), or to provide investment advice. The information provided is for general education and information purposes only.
