A pip calculator is a tool that is used to determine the value of a pip in a currency pair or other financial instrument. In the case of the VIX 75, a pip calculator would be used to determine the value of a one-point movement in the VIX index when it reaches a level of 75.
It's important to note that the VIX is not a currency pair and it is not traded in pips, it is a financial index that measures the market's expectation of future volatility. Therefore, it is not possible to use a pip calculator to determine the value of a pip in the VIX.
However, if you trade on VIX CFDs (Contract for Difference) or VIX futures, your broker may provide a pip calculator for that specific product, which allows you to calculate the value of a point movement in the VIX based on the contract size and the traded amount.
For example, if you are trading VIX CFDs with a contract size of $10 per point and you have a trading position of 10 contracts, a 1-point movement in the VIX would result in a profit or loss of $100.
It's important to keep in mind that trading VIX options and futures can be complex, so it's important to seek professional advice and to fully understand the risks involved before making any trades. Additionally, the use of leverage can amplify both gains and losses, it's important to use caution and to have a well-defined risk management strategy in place when trading on the VIX75 through CFDs.