VRT Options Chain Analysis

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

Spot $252.23 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.10

250k P / 227k C

Put/Call (Volume)

0.95

17k P / 17k C that session

30d ATM IV

66%

annualized implied move

Call wall

$260

17k contracts

Put wall

$220

24k contracts

Tail hedging

1.4×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 1.10 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $260 (17k contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $220 (24k contracts), 13% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 66% — the market prices very large moves; option premium is expensive.

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 2026-10-30. 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
2026-10-09	7k	10k	1.51	7k
2026-10-16	24k	48k	2.05	5k
2026-10-23	3k	4k	1.35	1k
2026-10-30	2k	4k	1.92	7k
2026-11-06	481	10k	21.73	291
2026-11-13	11	60	5.45	103
2026-11-20	35k	31k	0.87	1k
2026-12-18	10k	19k	1.94	739
2027-01-15	82k	45k	0.55	1k
2027-03-19	11k	14k	1.29	675
2027-06-17	9k	15k	1.67	128
2027-09-17	1k	6k	4.66	521
2028-01-21	28k	15k	0.53	97
2028-06-16	1k	2k	1.74	10
2028-12-15	1k	4k	2.42	38
2029-01-19	194	349	1.80	4

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.