Are VIXW options PM-settled like SPXW?
Are VIXW options PM-settled like SPXW?
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Laith · External communityPost link
External question — Personal Finance Stack Exchange
Author: Laith
Original post: https://money.stackexchange.com/questions/150625
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
Cboe explicitly defines the difference between the options on SPX as AM-settlement and SPXW as PM-settlement, but for VIX and VIXW, they say they're both AM-settled.
I can see in my trading platform that VIXW options expiring today are still actively traded. Why is that? How can an AM-settled option continue to trade the day of expiration? Unless it's PM-settled and I missed fine-print somewhere?
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: Laith Source score (net votes, not local likes): 1 Original post: https://money.stackexchange.com/questions/150625 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Cboe explicitly defines the difference between the options on SPX as AM-settlement and SPXW as PM-settlement, but for VIX and VIXW, they say they're both AM-settled. I can see in my trading platform that VIXW options expiring today are still actively traded. Why is that? How can an AM-settled option continue to trade the day of expiration? Unless it's PM-settled and I missed fine-print somewhere?
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