This is seeming to be a bit harder to figure out than I thought it would. Let's say I sell a put on TVIX. If the holder exercises it, do I actually get assigned the TVIX? Or is just cash settled? I know for VIX they have to be just cash settled since there no underlying physical VIX. But for the other ones, where there really are underlying shares, I would guess they would be American style and settlement would really involve an assignment of TVIX, UVXY, VXX or SVXY stock. Thanks!
Haha, thanks Tommy. I think. Everything I've read would seem to indicate they are american style, and settled by delivery, just frustrating not being able to find the actual white sheet or prospectus talking about them. Still looking, I am not abandoning the ship!!!
You buy an option on a stock/ETF/ETN you get delivery of the stock. There aren't any cash settled options that I'm aware of on a single stock and unlikely to ever be any because of concerns around manipulation.