VIX net positioning
Non-commercial accounts are structurally short VIX futures to harvest the roll. When that short reaches an extreme, a volatility spike has to be covered into a falling market, which is what turns an ordinary drawdown into a disorderly one.
- Latest
- -79,280 contracts
- As of
- 22 Sept 2026
- Standard deviations
- -1.14
- Percentile
- 15th percentile
30 days to 4 Oct 2026 · -94,829 contracts to -79,280 contracts