Weekly Option on VIX Futures

Finance
Convertible
December 30, 2022
Insurance
Mortality Risk
December 30, 2022

An exchange-traded option on a futures contract whose underlying is the CBOE volatility index. It has an American-style exercise, i.e., upon exercise, a VIX futures contract will be delivered with an expiration date closest to, but after, the expiration date of the option contract. It may be exercised on any day up to and including the expiration date.

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