August CBOE Volatility Index® (VIX®) Futures and options settled this morning at $15.13 . The final settlement price is determined by the opening prices of September S&P 500 (SPX) Index options at the CBOE using the Special HOSS opening procedure applying the VIX methodology as outlined int he VIX Whitepaper. The method for calculating the Special Quote or SOQ is different than that employed to calculate the VIX Index value. Consequently, the VIX SOQ will likely differ from the near simultaneous VIX Index opening published value.
Today’s settlement is the third lowest monthly settlement value in the past five years, with March 2012′s $14.55 and April 2011′s $14.86 settlements the lowest value since June 2007′s $13.01.
data sources: CFE and Differential Research LLC
The risk of loss in trading commodity futures and options is substantial. Before trading, you should carefully consider your financial position to determine if futures trading is appropriate. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results.