VIX Options Settlement

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daytrader85

Hi,

I'm not sure if someone already talked about this or not. I have not done a search on this topic. If there is a thread on this subject, I apolgize.

But, can someone explain to me how VIX options are settled?

Let's say I'm long the Dec $25 Call and it settles ITM. The VIX closes at $26.00

Thanks for your help.

Daytrader85
 
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