SPIKES Volatility Index (index symbol: SPIKE) is a measure of the expected 30-day volatility in the SPDR S&P 500 ETF (SPY). To find out more about the benefits of SPIKES, watch our video.
SPIKES Options are traded on MIAX—one of the fastest and most efficient options platforms in the world, offering fully electronic execution.
MIAX is proud to partner with T3 Index to offer SPIKES—for more confident volatility trading.
The SPIKES Index and volatility products offer a number of unique features designed to produce highly accurate, robust data and create a transparent and open auction settlement process.
Brief overview of SPIKES index and options
Complete walkthrough of SPIKES index calculation
Characteristics of SPIKES options
Guide describing how the settlement value is determined
Fee schedule for SPIKES and related transactions
Interactive SPIKES index calculation example worksheet
Fee waiver program for MMs trading SPIKES
Study by Peter Carr on differentiators of SPIKES
Monthly expirations for SPIKES Options and Futures