Options Watch
Options positioning reads, newest first.
-
SPY Pins 2.01 Points Above 776 Max Pain on Zero-Day Expiry
SPY settles at 778.01 against the 776.00 max pain strike on the Oct 12 2026 expiry which leaves the index 0.26 percent above the level.
-
VIX Holds 15.21 as Term Structure Prices Near-Term Calm
VIX closed at 15.21 after a 2.49 percent rise which means the index remains below its 5 day average of 15.31 and therefore keeps the regime in a low-volatility state.
-
VIX at 15.4 Holds Contango as Whale Calls Extend Calm
VIX prints at 15.41 after a 2.19 percent rise from the prior close of 15.08.
-
SPY Pins Tight to 778 Max Pain on Zero-Day Expiry
SPY settled at 776.97 against the 778 max pain strike for the 7 October 2026 zero-day expiry.
-
VIX Holds Low at 15.1 With Calm Term Structure Pricing Stability
VIX sits at 15.08 after a modest 0.47 percent rise from yesterday's close of 15.01, remaining below its five day average and confirming the low volatility regime persists.
-
SPY Zero-Day Max Pain at 772 Forces Dealer Pin into Close
SPY sits at 779.82 against a 772 max pain strike for the 6 October 2026 zero-day expiry.
-
VIX at 15 with Upward Curve Flags Priced Calm
VIX has settled at 15.01 after a 3.29 percent decline from the prior close of 15.52.
-
What We Called, and the Score: Week of 29 September
Accountability first. Every session this desk puts direction reads on the board, and every read gets scored once the move has actually happened.
-
SPY Expiry Pin at 764 Meets Sustained Tech Call Flow
SPY options expiring today carry a max pain level of 764 while the underlying prints 769.57.
-
VIX Slips to 15.3 as Term Structure Locks in Calm
VIX closed at 15.31 after a 6.59 percent decline that erased the prior session's modest lift and left the index below its five day average of 16.34.
-
SPY Zero-Day Max Pain Locks Dealers at 764 with Thin Gamma
SPY closed at 764.07 directly on the 764.00 max pain strike for the October 1 weekly expiry.
-
VIX Holds at 16.4 With Standard Contango and Contained Fear
VIX closed at 16.39 after a modest 0.05 gain that left it just above the five day average of 16.14.
-
SPY Pins at 761 Max Pain as Gamma Rebalancing Tightens Expiry Flow
SPY settles at 762.99 against a 761 max pain strike on the September 30 2026 weekly.
-
VIX Steady at 16.3 as Contango Locks in Near Term Calm
VIX printed 16.34 after a 0.3 lift from the prior close at 16.04, sitting just above the five day average of 16.01 and keeping the regime firmly in moderate territory.
-
SPY Pins at 766 Max Pain as Tech Calls Sustain Support
SPY closes at 764.77 against a 766 max pain strike for the 29 September 2026 weekly.
-
VIX Holds 16.04 in Contango With Calm Priced Ahead
VIX prints 16.04 after a modest 0.03 decline from yesterday's 16.07 close, remaining just above the five day average of 15.79 and keeping the regime in a moderate band.
-
SPY Zero-DTE Dealers Set to Defend 770 Pin
Spot closes at 765.59 against a 770 max pain strike on the final September 2026 weekly.
-
VIX Spike Tests Contango Resilience as Call Flow Persists
VIX climbed 8 percent to 16.07, clearing the five day average of 15.33 and marking the clearest single session rise in realised fear for some time.
-
SPY Zero-Day Max Pain Pins Settlement at 766
SPY settles today with max pain fixed at 766 against a closing print of 771.65.
-
VIX Falls to 14.87 in Contango Pricing Sustained Calm
VIX has dropped 5 percent to 14.87, moving below the five-day average of 15.54 and confirming subdued realised swings across the session.
-
SPY Zero-Day Pin at 768 Limits Dealer Hedging Flows
SPY options settle today with max pain fixed at 768 against spot at 766.52.
-
VIX at 15.67 Prices Near-Term Calm Amid Moderate Swings
Building on yesterday's Volatility Lens observation that the VIX had lifted modestly from 14.21 to close at 15.18, today's move higher by 3.23 percent to 15.67 places the index above its five-day a...
-
SPY Zero-Day Max Pain at 771 Pins Spot Amid Collapsing Gamma
SPY options settle today with max pain fixed at 771 against spot at 767.72.
-
VIX Climbs to 15.18 with Mild Contango Still Pricing Contained Swings
Building on yesterday's view from the Volatility Lens where the VIX closed at 14.21, the index has lifted 2.08 percent to 15.18 today and now sits above the five-day average of 14.59.
-
SPY Zero-Day Max Pain Pin at 770 Holds Spot Near 773
SPY options settle today with max pain fixed at 770 while spot trades at 773.21.
-
VIX Drops to 14.2 as Front Curve Locks in Near-Term Calm
Building on yesterday's view from the Volatility Lens where the VIX closed at 14.87, today's sharp 4.4 percent decline to 14.21 places the index below its five-day average of 14.81 and confirms a f...
-
SPY Expiry Pins to 761 Max Pain as Spot Sits at 773
SPY options expire today with max pain fixed at 761 while the index prints 773.35.
-
VIX Holds at 14.9 as Calm Term Structure Meets Tech Call Flow
The VIX sits at 14.87 after a modest 0.41 percent rise, remaining below its five-day average and confirming a low-volatility environment.
-
SPY Zero-Day Max Pain at 765 Draws Spot at 762.67
SPY prints at 762.67 against a 765 max pain strike for the 18 September 2026 expiry.
-
VIX Calm Term Structure Anchors Neutral Regime at 14.8
The VIX has settled at 14.81 after a 4.08 percent decline, confirming the move into a low volatility regime that reduces immediate downside pressure on equities.
Educational interpretation only. Not financial advice. Every post keeps the date it was filed; figures inside a post are as of that date.