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: 2026-03-25 (EDT)

Max Pain Price

40.5

Exp: 2026-03-27

Gamma Flip

34.33

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.535

Shows put vs call positioning

IV Skew

-5.52

Put–call IV difference

Max Pain Price Volatility

σ = 6.80

medium volatility

Confidence 62%

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: 100%

Current DPI is 0.573(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. Price action is strongly influenced by existing options constraints. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-03-27 options expiry. 100% confidence

The support levels for VXX are at 33.80, 33.13, and 28.88, while the resistance levels are at 34.70, 35.37, and 39.62. The pivot point, a key reference price for traders, is at 40.50.

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

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 3.83% 1-day move.

The expected range for the next 2 days is 33.27 — 37.48 , corresponding to +9.44% / -2.87% .

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 39.20 (14.46% above spot).

Bearish positioning points to downside pressure toward 33.05 (3.51% below spot).

Options flow strength: 0.83 (0–1 scale). ATM Strike: 34.00, Call: 1.09, Put: 0.77, Straddle Cost: 1.85.

Price moves may extend once a direction forms. The short-term gamma flip is near 34.43 , with intermediate positioning around 34.33 . The mid-term gamma flip remains near 34.34.