SPIKES Logo Spikes Logo with One Color SPIKES Logo Spikes Logo with One Color MIAX Logo (White) MIAX Logo with White MIAX Options Logo (underlined) MIAX Options Logo in White with underline MIAX PEARL Logo (underlined) MIAX PEARL Logo in White with underline MIAX Emerald Logo (underline) MIAX Emerald Logo in White with underline Contact Icon Phone icon used to suggest contact information Subscriptions & Notifications Icon Bell icon used to suggest Subscription & Notification information Portal Icon Silhouette icon used to suggest Portal/Profile functionality Search Icon Magnifying Glass icon used to suggest Search functionality Close Icon An X icon used to suggest the dismissal of information US Flag Icon An simplified Unites States Flag used to categorize content types Plus Icon A plus sign in a circle designates expandable content Minus Icon A minus sign in a circle designates closeable, expanded content News Icon A folded newspaper icon Paper Icon A few paper sheets as an icon to represent documents Process Icon An icon showing a series of arrows and elements that represents a decision tree or process Download Icon An inbox icon representing the download action Download Icon An inbox icon representing the download action Metrics Icon Three bars representing a graph Date Icon Calendar icon representing notable dates FAQ Icon A question mark icon used for Frequently Asked Questions Contract Icon A document icon with a ribbon Clipboard Icon An icon of a clipboard containing information and checkmarks Podcast Icon An icon showing a microphone SPIKES Resource Guide A booklet icon FAQ An icon of a question mark in a page Carr White Paper An icon of the letter C in a page Vrije White Paper An icon of the letter V in a page Combo Linked to Future An icon of chain link in a page Rate Card An icon of a dollar sign and a bar graph in a page Expiration Calendar An icon of a calendar with a analog clock on the lower righthand corner Index Calculation An calculator icon How to Trade An icon showing a rising line graph MIAX Options Logo (underlined) MIAX Options Logo in White with underline MIAX PEARL Logo (underlined) MIAX PEARL Logo in White with underline MIAX Emerald Logo (underline) MIAX Emerald Logo in White with underline
SPIKES heading

Volatility, reimagined

SPIKES® Volatility Products are traded on SPIKES Volatility Index (SPIKE), which updates every 100 milliseconds for pinpoint accuracy. The index is a measure of the expected 30-day volatility in the SPDR® S&P 500® ETF (SPY). SPIKES is built using the popular variance swap methodology and uses live options prices to calculate volatility. Discover new choice and transparency in the market with highly competitive exchange fees and superior technology.

MIAX® is pleased to partner with T3 Index to bring you SPIKES Volatility Products, built on SPY, the world's most actively traded ETF.

Why the SPIKES Methodology Matters Download our FAQ Sheet Download the SPIKES Resource Guide

Now Trading: SPIKES Volatility Products

SPIKES Options (SPIKE)

Trading on MIAX. Give your portfolio an edge with 100% electronic execution that offers low latency and high throughput.

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SPIKES Futures (SPK) - now trading with zero exchange fees

Offered by MGEX via the CME GLOBEX® platform. Trade 23 hours a day, 5 days per week with highly accurate data and peak transparency.

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SPIKES ETFs (SPKX & SPKY)

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SPIKES Combo Orders with ratios of up to 8:1 are available. A SPIKES Combo is created by the simultaneous purchase (or sale) of a call and a put option with the same strike and expiry. Investors can use this tool to create a synthetic futures position.

To learn more about SPIKES Volatility Products please contact sales@tradespikes.com or 609.897.8177

Disclaimer and End User License Agreement

The link you have selected is located on another server which is owned and administered by a third party. Neither Miami International Holdings, Inc nor any of its subsidiaries or affiliates administers this web site, and thus bears no responsibility for the content contained on such web site. Accordingly, Miami International Holdings, Inc. and each of its subsidiaries and affiliates expressly disclaims any liability for any and all losses from or associated with the use of such web site, including from any products or services offered by such web site.

ConvexityShares, LLC ("Sponsor") is a two-member limited liability company with a majority ownership by MIAX Futures, LLC, a wholly-owned subsidiary of Miami International Holdings, Inc. The Sponsor is the CTA/CPO of ConvexityShares Trust, the issuer of SPKX and SPKY.

Please read the ConvexityShares Terms & Conditions carefully before using the ConvexityShares website, which includes information on the following:

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