December settlement value on VIX options: 20.84 (Symbol VRO)

December VIX options settled at 20.84 today (Symbol ^VRO Yahoo, $VRO Schwab, VRO Fidelity).   The VIX index opened at 21.50.  The difference of -0.66 is on the high side, but not significantly out of line from  previous months' settlements.  Overall the VIX index is strongly down trending (last month's VRO was 7.5% higher at 22.54), and as the market seems to be shifting into a narrow trading range, I expect it to decline even further.   Click on chart to enlarge