Cboe eyes physically-delivered VIX options for US futures traders

[Slow Learning Elf]

Intersting, thanks for the update. So unless you have a futures account, you won't be able to trade these. And guessing the will be regulated by the CFTC not SEC?
Did they give you a projected date when they plan to start trading?

Yes, need a futures account. CFTC, pretty sure, with OCC coming up with SPAN arrays etc - just like VIX futures. I am waiting for her to call back about it since I really want to be involved there.

oh, and 1k multiplier is gonna be awesome, right?

 

[SunTrader]

Reading comprehension is not your strong suit, is it? The snippet from the article that @ajacobson posted says explicitly “Plans to allow traders to receive volatility index (VIX) futures to settle options at Cboe Global Markets”.

This approach is not any different than physically settled options on ES which settle into a futures contract. It’s not clear, however, if these are gonna be listed as futures options on CFE or have some sort of bizarre EFP delivery scheme on CBOE and require both futures+equity accounts.

Read the topic title slow learner dumazz.

 

[newwurldmn]

Read the topic title slow learner dumazz.

you really need to stop posting. You have no idea what you are talking about and you suck at arguing.

 

[SunTrader]

you really need to stop posting. You have no idea what you are talking about and you suck at arguing.

Coming from you I'll take is as a complement.

 

[Slow Learning Elf]

Read the topic title slow learner dumazz.

Oh, you only read the newspaper titles and storefront signs? That explains everything!

 

[newwurldmn]

Coming from you I'll take is as a complement.

you would.

 

[SunTrader]

you would.

Yes I would.

 

[SunTrader]

Oh, you only read the newspaper titles and storefront signs? That explains everything!

My question, which was to the OP, was regarding the title, not the snippet. Someone gave it a like, rather than snark.

 

[FSU]

Well, I just called someone I know at CBOE and she said it’s gonna be midcurve futures options, settling into monthlys. Fully covered by SPAN magin. For once, their actions actually make sense lol.

Slightly off topic, but have you had any issues when you contact the CBOE? Seems your contact was happy to give you information. Whenever I call my old contacts there, they are very hesitant to even talk to me anymore. They want me to go through my broker to ask them almost anything.

 

[ajacobson]

@FSU - quick answer is regulatory bullshit and what constitutes investment advice. It's an easy out to send you back to your member firm. There is a whole slew of new practices on what a 24 needs to review, what needs to be archived, and what could be considered investment advice.
They've gone nuts over "record-keeping" violations of the b/d community - the exchange community is even more gun-shy.
It's just easier to avoid it.