VLO Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete VLO 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 VLO.
Near-Term Options-Derived Market Structure
BEARISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. Options Chian
On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 83%
Current DPI is 0.937(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building positions. Trend approaching turning point (Momentum Deceleration) with Moderate Saturation Gamma saturation
Options Terrain Outlook (3-Month)
Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. 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
Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)
Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 1.91% 1-day move.
The expected range for the next 4 days is 330.93 — 352.96 , corresponding to +1.66% / -4.68% .
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 354.61 (2.14% above spot).
Bearish positioning points to downside pressure toward 321.94 (7.27% below spot).
Options flow strength: 0.79 (0–1 scale). ATM Strike: 347.50, Call: 6.65, Put: 6.60, Straddle Cost: 13.25.
Price moves are likely to stay range-bound. The short-term gamma flip is near 295.92 , with intermediate positioning around 287.91 . The mid-term gamma flip remains near 287.91.