VIPS Options Chain, Open Interest, and Volatility Data

VIPS Options Open Interest & Strategy Insights

VIPS – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
16	330	6988	7318
17	1122	4817	5939
20	4025	373	4398
23	3450	55	3505
15	473	2097	2570
22	1758	25	1783
18	724	1016	1740
35	1167	0	1167
19	1007	157	1164
21	855	4	859

VIPS – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
1.19	1.61	60.70%	57.03%	-3.67%

Data Analysis

Symbol: VIPS Current Price: 18.45
Max Pain: 17.00 (above)

📌 Absolute OI Peak: 16.00 (7318 contracts)
🛡️ Short-term Key Levels: 18.00（1740 contracts，minor support） , 17.00（5939 contracts，minor support） , 15.00（2570 contracts，major support）

📈 Put/Call OI Ratio: 1.19 (bearish, Put OI dominant)
Put/Call Volume Ratio: 1.61 (bearish, Put volume dominant)

📊 Avg Call IV: 60.70%
Avg Put IV: 57.03%
IV Skew: -3.67% (Call IV higher than Put IV by 3.67%, upward expectation slightly stronger)

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-21	252	505	9114	2.004	Moderate Bearish 📉 (30)
2025-12-19	5	60	57	12.000	Moderate Bearish 📉 (30) ⚠️
2026-01-16	350	45	14404	0.129	Moderate Bullish 📈 (70) ⚠️
2026-02-20	81	30	4143	0.370	Moderate Bullish 📈 (70)
2026-05-15	20	27	402	1.350	Slight Bearish 📉 (40)
2027-01-15	122	62	3076	0.508	Slight Bullish 📈 (60)
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.