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

Analyze the complete VST 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 VST.

Latest Data: 2026-08-17 (EDT)

Max Pain Price

165

Exp: 2026-08-21

Gamma Flip

143.07

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.410

Shows put vs call positioning

IV Skew

-5.15

Put–call IV difference

Max Pain Price Volatility

σ = 10.95

medium volatility

Confidence 100%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options market shows a strong bullish alignment. Multiple key factors point firmly to the upside, supported by dealer flows and positioning. 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: 71%

Current DPI is -0.339(bearish). Bearish, 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 VST are at 144.13, 141.17, and 128.33, while the resistance levels are at 148.09, 151.05, and 163.89. The pivot point, a key reference price for traders, is at 165.00.

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

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 2.02% 1-day move.

The expected range for the next 4 days is 141.52 — 159.05 , corresponding to +8.86% / -3.14% .

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 166.54 (13.98% above spot).

Bearish positioning points to downside pressure toward 139.47 (4.55% below spot).

Options flow strength: 0.86 (0–1 scale). ATM Strike: 146.00, Call: 3.15, Put: 2.74, Straddle Cost: 5.89.

Price moves are likely to stay range-bound. The short-term gamma flip is near 143.17 , with intermediate positioning around 143.07 . The mid-term gamma flip remains near 143.07.