VIX Options
VIX $18.39 · Updated Oct 26, 4:00 PM ET
VIX is at $18.39. The nearest expiration, Oct 28, 2026 (2 days out), lists 50 strikes, with 13,528 calls and 16,520 puts traded in the latest session. At-the-money implied volatility is 168.9%. The at-the-money straddle prices a move of about $1.23 (6.7%) by expiration.
VIX Options Chain
VIX is at $18.39. The nearest expiration, Oct 28, 2026 (2 days out), lists 50 strikes, with 13,528 calls and 16,520 puts traded in the latest session. At-the-money implied volatility is 168.9%. The at-the-money straddle prices a move of about $1.23 (6.7%) by expiration.
VIX Gamma Exposure (GEX)
VIX total dealer gamma exposure is -$4M across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The call wall is $20.00 and the put wall $17.00.
VIX Max Pain
VIX max pain for Oct 28, 2026 (2 days out) is $18.00, 2.1% below the current $18.39. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 24, 2026, max pain is $19.00.
VIX Put/Call Ratio
Across every listed VIX expiration, the put/call ratio is 0.33 by volume and 0.32 by open interest. More calls than puts are trading. 2,781,946 puts and 8,730,664 calls are open in total.
VIX Implied Volatility
VIX at-the-money implied volatility is 168.9% for Oct 28, 2026 (2 days out). For Nov 24, 2026 it is 85.5%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
VIX Open Interest by Strike
Across all VIX expirations, the largest call open interest near the current $18.39 sits at the $20.00 strike (526,726 contracts) and the largest put open interest at $17.00 (420,013). 8,730,664 calls and 2,781,946 puts are open in total.
VIX Expected Move
The options market prices VIX to move about $1.23 (6.7%) by Oct 28, 2026, a range of $17.16 to $19.62. For Nov 24, 2026 (29 days out) the expected move is $3.62 (19.7%).