Are options in TVIX, UVXY, VXX, SVXY, cash settled or in-kind settled?

Discussion in 'Options' started by Saltynuts, Jul 7, 2018.

  1. 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!
     
  2. tommcginnis

    tommcginnis

    Maybe you'd like someone to chew your food for you, too? o_O
     
    eo1989, sle and jys78 like this.
  3. 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!!! :)
     
  4. Sig

    Sig

    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.
     
    sle likes this.