Can VIX Options Be Exercised?

VIX Options Can Be Exercised Only at Expiration

VIX options are European style, which means that they can be exercised only at expiration and not earlier.

VIX options are cash settled. This means two things:

  1. You don’t need to worry about ending up with an unwanted position in VIX after expiration.
  2. If you are holding a long position in VIX options and they are in the money (based on the settlement value), you will get cash credited to your account. Typically the cash is credited the day after VIX expiration day, usually on Thursday. VIX settlement value is published on the during the expiration day (usually an hour or two after markets open).

VIX Options Automatic Exercise

Generally, VIX options are automatically exercised if they are at least 0.01 in the money on expiration and you don’t need to give any instructions to your broker. However, you should check the expiration and settlement procedures with your particular broker – they may be different.

More Information about VIX Expiration and Settlement

VIX Options Settlement – basic information about VIX options settlement procedure

VIX Special Opening Quotation (SOQ) – explanation of VIX settlement value and the process how it is determined on the expiration day

VIX Options Expiration – the rules for determining the last trading day and expiration day of VIX options and futures

VIX Expiration Calendar (Futures & Options) for this and the next year + full history of VIX expiration dates

VIX Options – the main page for VIX options with basic introduction, contract specifications, and links to various resources

VIX – all resources for the VIX index and its derivatives


Related pages


standard deviations calculatorfinance.yahoo.com msftwhat is rsi stand forusing waccs&p ultra shortgreek calculatordiv yield formulageometric mean on excelnormdist excel functionfutures rollover datesetf 2xsample variance formula for grouped datacumulative probability excelwhat is the formula for calculating standard deviationsquare root multiplied by square rootbloomberg s&p 500 futuresform 13f faqgoal seek excel 2010 examplevix inverse etfexample of stock indexmost liquid etfmacd bullish divergencefinding median in excelwhat is gamma in financeprofit loss formulassq root of 12liquid etfscalculation of skewness and kurtosisexcel variance functionnorm.s.dist exceldjia divisoracceptable skewness and kurtosis valuesvix settlement priceshow to interpret kurtosisexcel cumulative formulacall option payoff graphhow to calculate the dow jones industrial averagevar function in excelcalculating average annual returnput payoff diagramrsi oversoldsample skewnessdefining formula standard deviationvix hedgehow to calculate averages in excelcanadian currency etfstraddle optionvix quotesblack scholes callsoros fund management holdingsblack scholes definitionannualized formula in excelannualizingexpected return on stock calculatorblack shoelsskewness and kurtosis interpretationdefinition of kurtosisvariance statsrsi divergence indicatorrsi wildersquare root multipliercompute average in excels&p etf listmerits and demerits of arithmetic meanindexation formulacalculating skewnesssummation x squaredstandard deviation estimatorhow to calculate var in excelexcel stdev ifannualization formulamarket sharpe ratiooptions vs forwardsproshares uvxyoption delta hedgebull call debit spread