The February VIX settlement came in at 13.07 this morning, despite the fact that the volatility index never climbed that high.
The futures closed at 13 last night, and the VIX options that were held into expiration will be priced on that 13.07 settlement. This came as the spot index rose only up to 12.92. The VIX is now up 0.17 points to 12.81.
The March VIX futures, now the front-month contracts, are down 0.05 points to 14.75 this morning. The April futures are off 0.15 points to 15.65.
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