VIPS Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete VIPS options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around VIPS.

Latest Data: 2026-08-28 (EDT)

Max Pain Price

Exp: 2026-09-18

Gamma Flip

14.71

Gamma Flip (≈60 days)

Put/Call OI Ratio

2.268

Shows put vs call positioning

IV Skew

-10.00

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 62%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options data shows a moderate bullish tilt. There is some directional support, though momentum remains limited. Options Chian

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 67%

Current DPI is -0.668(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-09-18 options expiry. 100% confidence

The support levels for VIPS are at 13.37, 13.19, and 12.59, while the resistance levels are at 13.63, 13.81, and 14.41. The pivot point, a key reference price for traders, is at 14.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 21)

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 1.33% 1-day move.

The expected range for the next 21 days is 13.19 — 13.97 , corresponding to +3.45% / -2.30% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 14.33 (6.18% above spot).

Bearish positioning points to downside pressure toward 12.98 (3.84% below spot).

Options flow strength: 0.38 (0–1 scale). ATM Strike: 14.00, Call: 0.17, Put: 0.65, Straddle Cost: 0.82.

Market signals are mixed and less reliable. No short-term gamma flip is observed , with intermediate positioning around 14.71 . The mid-term gamma flip remains near 15.03.