Our September VIX trades hit expiration this morning. The settlement value came in at 18.69 which is a great price for us! We own the 16-19 bull call spread. So, we were only 0.31 away from a max profit. We get a credit (cash settlement) of 2.69 per spread paid back to us. We paid a debit of 0.59 to enter the trade. The result is a profit of +2.10 or +$210.00 per spread. That is a +356.00% return! Nothing is required, the VIX settles in cash tonight.