The gross profit on your trade is calculated as follows:

Opening Price

Closing Price

Difference

Gross Profit on Trade

Opening the Position

The price of the VIX is 19.05/19.20. You are of the view that market volatility will increase so you decide to buy 1 contract at 19.20. (One contract is equal to $0.01 per point, there are 100 pointsper 1.00 change in the index). No commission is charged on Futures CFDs.

For every point that the bid quote on the VIX rises above 19.20 you will make a profit of $0.01 USD, for every point the bid quote falls below 19.20 you will lose $0.01 USD.

Closing the Position

Four days later, the VIX has risen to 23.20/23.35 and you decide to take your profit. You close your position by selling 1 contract at 23.20.
Please be aware: positions not already closed by the client expire automatically and are closed at the official market settlement on the last dealing day.