VXX Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete VXX 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 VXX.
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: 80%
Current DPI is -0.545(neutral). Neutral consolidation, trend and momentum are indistinct. From the current DPI structure, dealers appear largely neutral, suggesting limited willingness to reinforce directional price moves..
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 2026-09-04 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 7)
Based on the latest options positioning (DTE 7), the ATM straddle implies a standardized 1.44% 1-day move.
The expected range for the next 7 days is 18.05 — 23.22 , corresponding to +26.48% / -1.67% .
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 26.77 (45.80% above spot).
Bearish positioning points to downside pressure toward 17.93 (2.35% below spot).
Options flow strength: 0.71 (0–1 scale). ATM Strike: 18.50, Call: 0.33, Put: 0.37, Straddle Cost: 0.70.
Price moves are likely to stay range-bound. The short-term gamma flip is near 12.67 , with intermediate positioning around 12.67 . The mid-term gamma flip remains near 12.67.