All you want to know about India VIX Futures

Volatility is known as a measure of change. A higher value of volatility indicates that prices can change at a faster pace (either going up or down) as compared to the immediate past.
Traders are often looking for new strategies to trade a major event, say a Election Results or Union budget or credit policy or even important results like Infosys. Normally a trader would have bought, what an option trader calls a Long Straddle strategy. In entering this strategy, he would buy a long call and a long put option of the same strike price and same expiry.
In order to earn profits from such a strategy, markets need to move sharply in either direction such that profit from one direction would be more than the loss from the other one. However, the strong following of such a strategy leaves very little on the table (if at all) as prices of both the call and put option rise before the event as they all fear the extreme.
Traders will now have an instrument to earn from such an eventuality. NSE recently launched India Vix Futures for  traders who are willing to bet on volatility. India VIXis a volatility index based on prices of Nifty options.
Before you start trading the India VIX futures contract, here are few points to consider 


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