VST Options Chain Analysis

As of previous close (2026-10-06) · OPRA historical data

Spot $160.5 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.06

264k P / 248k C

Put/Call (Volume)

0.40

49k P / 123k C that session

30d ATM IV

52%

annualized implied move

Call wall

$170

23k contracts

Put wall

$110

38k contracts

Tail hedging

2.2×

deep-OTM puts vs calls

What the positioning says

●Call wall at $170 (23k contracts), 6% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $110 (38k contracts), 31% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.2× deep-OTM call OI — an institutional hedging ladder sits under this stock.

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 2026-11-06. 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	18k	11k	0.62	45k
2026-10-16	47k	45k	0.95	40k
2026-10-23	3k	11k	3.74	4k
2026-10-30	4k	4k	0.94	8k
2026-11-06	2k	9k	5.53	3k
2026-11-13	358	186	0.52	842
2026-11-20	29k	45k	1.55	17k
2026-12-18	44k	20k	0.45	33k
2027-01-15	47k	40k	0.86	9k
2027-03-19	10k	21k	2.13	3k
2027-04-16	2k	2k	0.85	471
2027-06-17	7k	17k	2.29	5k
2027-09-17	7k	7k	1.08	655
2027-12-17	5k	8k	1.47	374
2028-01-21	14k	16k	1.13	2k
2028-06-16	909	2k	1.82	110
2028-12-15	8k	6k	0.78	190
2029-01-19	626	506	0.81	255

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.