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.

Latest Data: 2026-07-15 (EDT)

Max Pain Price

Exp: 2026-07-17

Gamma Flip

21.47

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.680

Shows put vs call positioning

IV Skew

-2.24

Put–call IV difference

Max Pain Price Volatility

σ = 5.90

medium volatility

Confidence 79%

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 -0.572(strong-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 continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-07-17 options expiry. 100% confidence

The support levels for VXX are at 20.67, 20.41, and 19.24, while the resistance levels are at 21.03, 21.29, and 22.46. The pivot point, a key reference price for traders, is at 28.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.97% 1-day move.

The expected range for the next 2 days is 19.78 — 22.19 , corresponding to +6.43% / -5.13% .

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 23.02 (10.41% above spot).

Bearish positioning points to downside pressure toward 19.15 (8.14% below spot).

Options flow strength: 0.73 (0–1 scale). ATM Strike: 21.00, Call: 0.47, Put: 0.11, Straddle Cost: 0.58.

Price moves may extend once a direction forms. The short-term gamma flip is near 21.18 , with intermediate positioning around 21.47 . The mid-term gamma flip remains near 21.61.