Wired VIX Option Price

ezch

Just looked at VIX Sep Option price at TDAmeritrade, and notice $30C is selling at $1.35, whcih is understandable with the volatility and premium.  However, $30P is only selling at under $4 while $VIX.X is at 24.41.

Is $VIX.X different from the underlining VIX price? otherwise, how could $30P is even cheaper than face value?

Thanks in advace for any input...

ByStander

VIX options are always like this. Also, Sep options are more closely related with VIX Sep. future than VIX cash. Now VIX Sep. future is around 27.4

CoolMax

VIX的Option是现价交割的。你没有办法提前执行。