Victoria's Secret & Company (VSXY) Options Chain
The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.
Victoria's Secret & Company (VSXY) operates in the Consumer Cyclical sector, specifically the Apparel - Footwear & Accessories industry, with a market capitalization near $6.71B, listed on NYSE, employing roughly 33,000 people, carrying a beta of 2.14 to the broader market. Victoria's Secret & Co. Led by Hillary Super, public since 2021-07-21.
Snapshot as of Jul 15, 2026.
- Spot Price
- $83.68
- Total OI
- 31.7K
- Total Volume
- 424
- Front Expiration
- 37 days
- Second Expiration
- 65 days
- ATM IV
- 64.8%
- Avg Bid/Ask Spread
- 52.51%
As of Jul 15, 2026, Victoria's Secret & Company (VSXY) has 31.7K open contracts and 424 contracts traded. The nearest expiration is 37 days out, followed by 65 days. ATM implied volatility is 64.8%. Average bid/ask spread across the chain is 52.51%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.
How VSXY options chain Data Feeds Strategy Selection
Strategy selection on Victoria's Secret & Company options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 64.8% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the VSXY chain depth
The listed-expirations table above shows every expiration available for Victoria's Secret & Company options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. VSXY front expiration sits at 37 days - the typical hedging horizon for monthly options. The contango term-structure slope of 0.094 means longer-dated tenors price in proportionally more IV.
VSXY chain mechanics and execution
Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the VSXY chain is 52.51% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.
Using the VSXY chain to build structures
Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. VSXY's current 18.58% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.
Learn how the options chain is reported and how to read the data →
VSXY listed expirations
Per-expiration ATM implied volatility for VSXY options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.
| Expiration | DTE | ATM IV |
|---|---|---|
| Jul 17, 2026 | 2 | 69.7% |
| Aug 21, 2026 | 37 | 64.8% |
| Sep 18, 2026 | 65 | 74.2% |
| Dec 18, 2026 | 156 | 72.0% |
| Jan 15, 2027 | 184 | 72.3% |
| Dec 17, 2027 | 520 | 69.5% |
| Jan 21, 2028 | 555 | 68.9% |
VSXY most-active contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $85.00 | Jul 17, 2026 | 25 | 3.2K | 69.7% | $2.15 | $2.75 |
Top 1 contracts from the institutional-grade nightly options scan; ranked by volume within the broader S&P 500/400/600 + ETF universe.
Frequently asked VSXY options chain questions
- What does the VSXY options chain show right now?
- As of Jul 15, 2026, Victoria's Secret & Company (VSXY) has 31.7K contracts outstanding and 424 traded today, with ATM IV of 64.8%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
- What expirations are available for VSXY options?
- The nearest expiration is 37 days out, followed by 65 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
- How tight are VSXY options bid/ask spreads?
- Average bid/ask spread across the chain is 52.51%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.