V (V) options memo

The Read

V is up 0.51% today at $363.18.

Options traders lean neutral into 2026-08-14, and neutral further out.

A move through $361.58 would change how dealers hedge this stock.

Key numbers

• Spot: $363.18
• Lean: neutral
• Nearest expiry: Fri 8/28
• Implied move: 1.1%
• ATM implied volatility: 20.6%
• Max pain: $367.50
• Pin strike: $370.00
• Gamma flip: $377.56
• Dealer positioning: SHORT GAMMA
• Call wall: $370.00
• Put wall: $360.00
• Put/call open interest: 1.918