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kenw232

VIX Options Question

By kenw232, in Beginners Forum

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kenw232    10

kenw232
Posted

From what I read on sites like http://www.theoptionsguide.com/vix-option.aspx it says "VIX options are european style options and hence can only be exercised on the expiration date."

 

I'm confused. Does this mean if I buy VIX calls I cannot sell/exercise them before expiry if I get lucky and bank some value before the expiry date/month? I'm forced to keep them until the expiry date then?

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