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Wednesday, August 12

VTI options

VTI$381.97delayed
Call-heavy / bullish

ATM IV· 9d

12.1%

Exp. move ±1σ

±$7.26

Max pain

$365

P/C ratio (OI)· whole chain

0.68

Skew

Upside (calls bid)

Dealer GEX· positive · pinning

$15.5M

8 expiries · 996 contracts
Smile / skew· Aug 21 '26free CBOE chain · delayed ~15m
Chain · Aug 21 '26Calls / Puts
OIVolIVΔBidAskStrikeBidAskΔIVVolOI
4058%1.0060.0062.80$3200.000.15-0.0044%0128
18054%1.0055.0057.80$3250.000.35-0.0046%0130
601.0049.5051.50$3300.000.10-0.0036%2119
5049%1.0045.5047.80$3350.000.35-0.0038%084
14044%0.9940.3042.90$3400.000.75-0.0139%1130
12035%0.9934.6038.10$3450.000.05-0.0124%268
144024%0.9930.5031.60$3500.050.35-0.0127%6221
78023%0.9825.3027.00$3550.000.35-0.0224%4254
53021%0.9619.2023.30$3600.150.25-0.0420%5267
254020%0.9315.5017.60$3650.150.75-0.0719%6289
6951417%0.8811.0012.50$3700.300.85-0.1215%10135
6419812%0.776.207.60$3750.951.35-0.2313%18217
803813%0.563.104.30$3802.152.80-0.4512%59117
569710%0.270.151.75$3853.805.80-0.748%311
5581510%0.100.100.30$3907.5010.20-0.9318
1852111%0.030.050.30$39512.7015.00-0.9900
78014%0.010.000.75$40017.7020.30-1.0000
0015%0.010.000.05$40522.4026.10-1.0000
11020%0.000.000.10$41027.4031.20-1.0000
0031%0.000.000.75$41532.7035.40-1.0000
10029%0.000.000.30$42037.7040.50-1.0000
0037%0.000.000.75$42542.7045.00-1.0000
0040%0.000.000.70$43047.7050.20-1.0000
0044%0.000.000.75$43552.5055.90-1.0000
0047%0.000.000.75$44057.7060.40-1.0000

Shaded row is nearest spot.

Strategy builderAug 21 '26 · 9d

Your view

Risk appetite

Long call · safetyestimates · market-implied (lognormal)
$383.70$381.97
Value nowsolid = expiry

P&L distribution at expiry

Probability of profit33%
Expected value+$182.03
Chance of losing67%
Max loss−$370.00
Capital at risk$370.00
Net debit$370.00
Breakeven cushion0.5% from spot

Net Δ

56

Γ

5.5

Θ / day

−$14.23

Vega

$24.89

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