December VIX Settlement is Wednesday

Settlement Reminder: Tuesday, December 20th is the Last Trading Day for December VIX options.

The December VX Futures will trade 7:00 AM CT – 8:15 AM CT on Wednesday, December 21st.

(CFE Information Circular IC11-73).

Here is an excerpt from that Circular:

CBOE Futures Exchange, LLC (CFE) is changing the last trading day for the CBOE Volatility
Index (VIX) futures contract from the business day prior to the final settlement date to the final settlement
date. Specifically, beginning with December VIX expiration on December 21, 2011, trading in expiring
VIX futures on their final settlement date will be permitted from 7:00 a.m. (Chicago time) to 8:15 a.m.
(Chicago time) during extended trading hours prior to the final settlement…..

In summary:

VIX December options trade through the close of trading, tomorrow, Tuesday Dec. 20th.

VIX December futures cease trading Wednesday Dec 21st at 8:15a.m. (Chicago time).

The exercise-settlement value for VIX options can be found Wednesday under the ticker symbol VRO.

Marty Kearney

Options Institute