VICI Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $22.71 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.66

39k P / 58k C

Put/Call (Volume)

0.82

1k P / 1k C that session

30d ATM IV

20%

annualized implied move

Call wall

$25

17k contracts

Put wall

$22.5

8k contracts

Tail hedging

0.1×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.66 puts per call outstanding.
●Call wall at $25 (17k contracts), 10% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $22.5 (8k contracts), 1% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 19.4× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 20% — calm pricing; option premium is cheap.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-16. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	5k	883	0.19	108
2026-11-20	4k	1k	0.31	862
2026-12-18	15k	12k	0.80	312
2027-01-15	13k	7k	0.53	738
2027-03-19	7k	4k	0.53	139
2027-06-17	7k	7k	1.03	259
2028-01-21	6k	5k	0.78	98
2029-01-19	483	1k	2.24	105

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.