VOO Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete VOO 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 VOO.
Near-Term Options-Derived Market Structure
BEARISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. 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: 67%
Current DPI is 0.678(strong-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 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 2026-02-20 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)
Expiry 2026-02-06 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is bearish (-0.50), pin strength 0.90.
Based on same-day expiring options (0DTE), the ATM straddle implies an 0.26% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 626.56 — 646.07 , corresponding to +1.70% / -1.37% .
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 654.68 (3.06% above spot).
Bearish positioning points to downside pressure toward 619.81 (2.43% below spot).
Options flow strength: 0.56 (0–1 scale). ATM Strike: 635.00, Call: 0.28, Put: 1.40, Straddle Cost: 1.67.
Market signals are mixed and less reliable. No short-term gamma flip is observed , with intermediate positioning around 625.64 . The mid-term gamma flip remains near 625.27.