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

Analyze the complete VRTX 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 VRTX.

Latest Data: 2026-08-17 (EDT)
Max Pain Price
470
Exp: 2026-08-21
Gamma Flip
487.62
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.677
Shows put vs call positioning
IV Skew
-4.19
Put–call IV difference
Max Pain Price Volatility
σ = 48.12
high volatility
Confidence 56%

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

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: 62%

Current DPI is 0.694(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 2026-08-21 options expiry. 100% confidence

The support levels for VRTX are at 503.05, 488.47, and 437.23, while the resistance levels are at 528.05, 542.63, and 593.87. The pivot point, a key reference price for traders, is at 470.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 1.15% 1-day move.


The expected range for the next 4 days is 467.79 529.90 , corresponding to +2.78% / -9.26% .

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 537.64 (4.28% above spot).

Bearish positioning points to downside pressure toward 437.30 (15.18% below spot).


Options flow strength: 0.81 (0–1 scale). ATM Strike: 515.00, Call: 6.75, Put: 5.10, Straddle Cost: 11.85.


Price moves are likely to stay range-bound. The short-term gamma flip is near 487.50 , with intermediate positioning around 487.62 . The mid-term gamma flip remains near 487.62.