VAL · Valaris Ltd

Track VAL — free Ask ALVIS about VAL

$73.75 -0.71 (-0.95%)

Market Cap

$5.16B

69.25M

Options Chain

15-min delayed Underlying $73.75 · today Options Calculator

Positioning

Aug 21, 2026 · 23 days to expiry · 84 contracts

Put / call OI

0.37

Call-heavy positioning

Open interest

16,493

contracts outstanding

Volume

2,493

traded today

Max pain

$75.00

$1.25 above spot

ATM implied vol

51.5%

market's expected move

Open interest by strike · near the money

Calls Puts

27.5

32.5

37.5

42.5

47.5

52.5

57.5

62.5

67.5

72.5

77.5

82.5

87.5

92.5

97.5

100

105

110

115

120

125

130

135

140

145

150

155

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 23d Sep 18 51d Nov 20 114d Dec 18 142d Jan 15 170d Feb 19 205d Dec 17 506d Jan 21 541d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
2	2	154.6%	0.999	$51.20		$0.50	—	—	10	10
Call · $25 In the money Last $51.20 Breakeven $76.20 Implied vol 154.6% Delta 0.999 ≈100% ITM Gamma 0 Theta -0.005 Vega 0.001 Open interest 2 Model this call Put · $25 Last $0.50 Breakeven $24.50 Implied vol — Delta — Gamma — Theta — Vega — Open interest 10 Model this put
0	—	220.9%	0.981	—		—	—	—	—	0
Call · $27.5 In the money Last — Breakeven — Implied vol 220.9% Delta 0.981 ≈98% ITM Gamma 0.001 Theta -0.044 Vega 0.011 Open interest 0 Model this call Put · $27.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	219.5%	0.972	—		—	—	—	—	0
Call · $30 In the money Last — Breakeven — Implied vol 219.5% Delta 0.972 ≈97% ITM Gamma 0.002 Theta -0.059 Vega 0.012 Open interest 0 Model this call Put · $30 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	151.6%	0.991	—		—	—	—	—	0
Call · $32.5 In the money Last — Breakeven — Implied vol 151.6% Delta 0.991 ≈99% ITM Gamma 0.001 Theta -0.017 Vega 0.006 Open interest 0 Model this call Put · $32.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	123.1%	0.995	—		—	—	—	—	0
Call · $35 In the money Last — Breakeven — Implied vol 123.1% Delta 0.995 ≈100% ITM Gamma 0.001 Theta -0.01 Vega 0.003 Open interest 0 Model this call Put · $35 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	195.9%	0.949	—		—	—	—	—	0
Call · $37.5 In the money Last — Breakeven — Implied vol 195.9% Delta 0.949 ≈95% ITM Gamma 0.003 Theta -0.086 Vega 0.023 Open interest 0 Model this call Put · $37.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
2	2	120.4%	0.986	$13.37		—	—	—	—	0
Call · $40 In the money Last $13.37 Breakeven $53.37 Implied vol 120.4% Delta 0.986 ≈99% ITM Gamma 0.002 Theta -0.021 Vega 0.007 Open interest 2 Model this call Put · $40 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	102%	0.99	—		—	—	—	—	0
Call · $42.5 In the money Last — Breakeven — Implied vol 102% Delta 0.99 ≈99% ITM Gamma 0.001 Theta -0.015 Vega 0.007 Open interest 0 Model this call Put · $42.5 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	1	116.8%	0.968	$34.25		$0.46	—	—	58	7
Call · $45 In the money Last $34.25 Breakeven $79.25 Implied vol 116.8% Delta 0.968 ≈97% ITM Gamma 0.003 Theta -0.038 Vega 0.015 Open interest 0 Model this call Put · $45 Last $0.46 Breakeven $44.54 Implied vol — Delta — Gamma — Theta — Vega — Open interest 7 Model this put
0	10	88.2%	0.983	$31.52		$0.10	-0.054	122.9%	1	17
Call · $47.5 In the money Last $31.52 Breakeven $79.02 Implied vol 88.2% Delta 0.983 ≈98% ITM Gamma 0.002 Theta -0.019 Vega 0.007 Open interest 0 Model this call Put · $47.5 Last $0.10 Breakeven $47.40 Implied vol 122.9% Delta -0.054 ≈5% ITM Gamma 0.005 Theta -0.054 Vega 0.026 Open interest 17 Model this put
1	2	78.6%	0.982	$22.48		$0.10	-0.014	74.9%	19	31
Call · $50 In the money Last $22.48 Breakeven $72.48 Implied vol 78.6% Delta 0.982 ≈98% ITM Gamma 0.003 Theta -0.019 Vega 0.008 Open interest 1 Model this call Put · $50 Last $0.10 Breakeven $49.90 Implied vol 74.9% Delta -0.014 ≈1% ITM Gamma 0.003 Theta -0.01 Vega 0.008 Open interest 31 Model this put
0	5	112.1%	0.914	$8.70		$0.13	-0.019	69.8%	21	39
Call · $52.5 In the money Last $8.70 Breakeven $61.20 Implied vol 112.1% Delta 0.914 ≈91% ITM Gamma 0.008 Theta -0.076 Vega 0.027 Open interest 0 Model this call Put · $52.5 Last $0.13 Breakeven $52.37 Implied vol 69.8% Delta -0.019 ≈2% ITM Gamma 0.004 Theta -0.013 Vega 0.008 Open interest 39 Model this put
24	6	81%	0.944	$31.30		$0.10	-0.056	81.2%	6	17
Call · $55 In the money Last $31.30 Breakeven $86.30 Implied vol 81% Delta 0.944 ≈94% ITM Gamma 0.008 Theta -0.042 Vega 0.028 Open interest 24 Model this call Put · $55 Last $0.10 Breakeven $54.90 Implied vol 81.2% Delta -0.056 ≈6% ITM Gamma 0.008 Theta -0.037 Vega 0.028 Open interest 17 Model this put
3	1	82.8%	0.908	$24.00		$1.05	-0.073	74.5%	1	10
Call · $57.5 In the money Last $24.00 Breakeven $81.50 Implied vol 82.8% Delta 0.908 ≈91% ITM Gamma 0.011 Theta -0.06 Vega 0.029 Open interest 3 Model this call Put · $57.5 Last $1.05 Breakeven $56.45 Implied vol 74.5% Delta -0.073 ≈7% ITM Gamma 0.01 Theta -0.041 Vega 0.029 Open interest 10 Model this put
40	3	87.4%	0.859	$18.40		$0.30	-0.075	62%	5	15
Call · $60 In the money Last $18.40 Breakeven $78.40 Implied vol 87.4% Delta 0.859 ≈86% ITM Gamma 0.014 Theta -0.084 Vega 0.044 Open interest 40 Model this call Put · $60 Last $0.30 Breakeven $59.70 Implied vol 62% Delta -0.075 ≈8% ITM Gamma 0.012 Theta -0.035 Vega 0.029 Open interest 15 Model this put
3	1	79%	0.832	$32.10		$0.55	-0.116	61.7%	28	31
Call · $62.5 In the money Last $32.10 Breakeven $94.60 Implied vol 79% Delta 0.832 ≈83% ITM Gamma 0.017 Theta -0.085 Vega 0.045 Open interest 3 Model this call Put · $62.5 Last $0.55 Breakeven $61.95 Implied vol 61.7% Delta -0.116 ≈12% ITM Gamma 0.017 Theta -0.048 Vega 0.045 Open interest 31 Model this put
6	2	69.9%	0.802	$16.85		$0.52	-0.166	58.5%	2	34
Call · $65 In the money Last $16.85 Breakeven $81.85 Implied vol 69.9% Delta 0.802 ≈80% ITM Gamma 0.022 Theta -0.085 Vega 0.046 Open interest 6 Model this call Put · $65 Last $0.52 Breakeven $64.48 Implied vol 58.5% Delta -0.166 ≈17% ITM Gamma 0.023 Theta -0.058 Vega 0.046 Open interest 34 Model this put
19	2	57.8%	0.766	$9.00		$1.25	-0.196	47.5%	1	4
Call · $67.5 In the money Last $9.00 Breakeven $76.50 Implied vol 57.8% Delta 0.766 ≈77% ITM Gamma 0.029 Theta -0.077 Vega 0.061 Open interest 19 Model this call Put · $67.5 Last $1.25 Breakeven $66.25 Implied vol 47.5% Delta -0.196 ≈20% ITM Gamma 0.032 Theta -0.052 Vega 0.047 Open interest 4 Model this put
0	5	53.2%	0.694	$24.85		$1.20	-0.307	53.1%	4	1k
Call · $70 In the money Last $24.85 Breakeven $94.85 Implied vol 53.2% Delta 0.694 ≈69% ITM Gamma 0.036 Theta -0.081 Vega 0.062 Open interest 0 Model this call Put · $70 Last $1.20 Breakeven $68.80 Implied vol 53.1% Delta -0.307 ≈31% ITM Gamma 0.036 Theta -0.074 Vega 0.062 Open interest 1k Model this put
0	—	58.7%	0.593	—		$2.42	-0.396	44.2%	1	5
Call · $72.5 In the money Last — Breakeven — Implied vol 58.7% Delta 0.593 ≈59% ITM Gamma 0.036 Theta -0.096 Vega 0.073 Open interest 0 Model this call Put · $72.5 Last $2.42 Breakeven $70.08 Implied vol 44.2% Delta -0.396 ≈40% ITM Gamma 0.047 Theta -0.066 Vega 0.073 Open interest 5 Model this put
Underlying $73.75
2k	2k	50.5%	0.494	$5.65		$3.00	-0.509	49.7%	101	2.1k
Call · $75 Last $5.65 Breakeven $80.65 Implied vol 50.5% Delta 0.494 ≈49% ITM Gamma 0.043 Theta -0.085 Vega 0.075 Open interest 2k Model this call Put · $75 In the money Last $3.00 Breakeven $72.00 Implied vol 49.7% Delta -0.509 ≈51% ITM Gamma 0.044 Theta -0.077 Vega 0.075 Open interest 2.1k Model this put
1	1	49.8%	0.389	$23.00		$5.05	-0.645	41.1%	2	17
Call · $77.5 Last $23.00 Breakeven $100.50 Implied vol 49.8% Delta 0.389 ≈39% ITM Gamma 0.042 Theta -0.081 Vega 0.076 Open interest 1 Model this call Put · $77.5 In the money Last $5.05 Breakeven $72.45 Implied vol 41.1% Delta -0.645 ≈64% ITM Gamma 0.05 Theta -0.058 Vega 0.067 Open interest 17 Model this put
4.4k	1	57.9%	0.332	$3.05		$6.91	-0.763	39.9%	1	1k
Call · $80 Last $3.05 Breakeven $83.05 Implied vol 57.9% Delta 0.332 ≈33% ITM Gamma 0.034 Theta -0.087 Vega 0.068 Open interest 4.4k Model this call Put · $80 In the money Last $6.91 Breakeven $73.09 Implied vol 39.9% Delta -0.763 ≈76% ITM Gamma 0.043 Theta -0.046 Vega 0.052 Open interest 1k Model this put
32	4	59.8%	0.264	$1.75		$8.58	-0.812	45.2%	2	2
Call · $82.5 Last $1.75 Breakeven $84.25 Implied vol 59.8% Delta 0.264 ≈26% ITM Gamma 0.03 Theta -0.082 Vega 0.069 Open interest 32 Model this call Put · $82.5 In the money Last $8.58 Breakeven $73.92 Implied vol 45.2% Delta -0.812 ≈81% ITM Gamma 0.033 Theta -0.044 Vega 0.052 Open interest 2 Model this put
1.1k	100	62.4%	0.218	$2.80		$11.20	—	—	15	20
Call · $85 Last $2.80 Breakeven $87.80 Implied vol 62.4% Delta 0.218 ≈22% ITM Gamma 0.025 Theta -0.076 Vega 0.054 Open interest 1.1k Model this call Put · $85 In the money Last $11.20 Breakeven $73.80 Implied vol — Delta — Gamma — Theta — Vega — Open interest 20 Model this put
15	1	61.2%	0.159	$2.20		$7.85	-0.843	61.7%	1	1
Call · $87.5 Last $2.20 Breakeven $89.70 Implied vol 61.2% Delta 0.159 ≈16% ITM Gamma 0.021 Theta -0.062 Vega 0.055 Open interest 15 Model this call Put · $87.5 In the money Last $7.85 Breakeven $79.65 Implied vol 61.7% Delta -0.843 ≈84% ITM Gamma 0.022 Theta -0.055 Vega 0.052 Open interest 1 Model this put
2k	2	57%	0.102	$0.60		$10.35	—	—	1	10
Call · $90 Last $0.60 Breakeven $90.60 Implied vol 57% Delta 0.102 ≈10% ITM Gamma 0.017 Theta -0.042 Vega 0.037 Open interest 2k Model this call Put · $90 In the money Last $10.35 Breakeven $79.65 Implied vol — Delta — Gamma — Theta — Vega — Open interest 10 Model this put
3	1	67.6%	0.115	$5.09		$8.60	-0.916	62%	2	2
Call · $92.5 Last $5.09 Breakeven $97.59 Implied vol 67.6% Delta 0.115 ≈12% ITM Gamma 0.015 Theta -0.054 Vega 0.037 Open interest 3 Model this call Put · $92.5 In the money Last $8.60 Breakeven $83.90 Implied vol 62% Delta -0.916 ≈92% ITM Gamma 0.015 Theta -0.034 Vega 0.035 Open interest 2 Model this put
25	2	72.8%	0.105	$1.45		$20.54	-0.936	63.4%	4	4
Call · $95 Last $1.45 Breakeven $96.45 Implied vol 72.8% Delta 0.105 ≈11% ITM Gamma 0.013 Theta -0.054 Vega 0.038 Open interest 25 Model this call Put · $95 In the money Last $20.54 Breakeven $74.46 Implied vol 63.4% Delta -0.936 ≈94% ITM Gamma 0.012 Theta -0.027 Vega 0.021 Open interest 4 Model this put
2	1	78.4%	0.1	$2.60		$13.09	-0.92	75%	1	0
Call · $97.5 Last $2.60 Breakeven $100.10 Implied vol 78.4% Delta 0.1 ≈10% ITM Gamma 0.012 Theta -0.056 Vega 0.038 Open interest 2 Model this call Put · $97.5 In the money Last $13.09 Breakeven $84.41 Implied vol 75% Delta -0.92 ≈92% ITM Gamma 0.012 Theta -0.04 Vega 0.035 Open interest 0 Model this put
2k	1	84.5%	0.097	$0.40		$7.00	-0.936	75.4%	1	2
Call · $100 Last $0.40 Breakeven $100.40 Implied vol 84.5% Delta 0.097 ≈10% ITM Gamma 0.011 Theta -0.059 Vega 0.039 Open interest 2k Model this call Put · $100 In the money Last $7.00 Breakeven $93.00 Implied vol 75.4% Delta -0.936 ≈94% ITM Gamma 0.01 Theta -0.033 Vega 0.021 Open interest 2 Model this put
13	1	95.8%	0.091	$0.30		$12.15	—	—	1	0
Call · $105 Last $0.30 Breakeven $105.30 Implied vol 95.8% Delta 0.091 ≈9% ITM Gamma 0.009 Theta -0.064 Vega 0.04 Open interest 13 Model this call Put · $105 In the money Last $12.15 Breakeven $92.85 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
20	32	96.5%	0.068	$0.40		—	-0.966	86%	—	0
Call · $110 Last $0.40 Breakeven $110.40 Implied vol 96.5% Delta 0.068 ≈7% ITM Gamma 0.007 Theta -0.051 Vega 0.024 Open interest 20 Model this call Put · $110 In the money Last — Breakeven — Implied vol 86% Delta -0.966 ≈97% ITM Gamma 0.006 Theta -0.022 Vega 0.018 Open interest 0 Model this put
12	1	101.5%	0.056	$1.55		$17.36	-0.976	88.6%	1	1
Call · $115 Last $1.55 Breakeven $116.55 Implied vol 101.5% Delta 0.056 ≈6% ITM Gamma 0.006 Theta -0.046 Vega 0.024 Open interest 12 Model this call Put · $115 In the money Last $17.36 Breakeven $97.64 Implied vol 88.6% Delta -0.976 ≈98% ITM Gamma 0.005 Theta -0.016 Vega 0.01 Open interest 1 Model this put
10	1	109.3%	0.053	$8.45		$32.50	—	—	2	0
Call · $120 Last $8.45 Breakeven $128.45 Implied vol 109.3% Delta 0.053 ≈5% ITM Gamma 0.005 Theta -0.048 Vega 0.024 Open interest 10 Model this call Put · $120 In the money Last $32.50 Breakeven $87.50 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
11	1	113.8%	0.044	$0.07		—	-0.979	102.2%	—	0
Call · $125 Last $0.07 Breakeven $125.07 Implied vol 113.8% Delta 0.044 ≈4% ITM Gamma 0.004 Theta -0.043 Vega 0.025 Open interest 11 Model this call Put · $125 In the money Last — Breakeven — Implied vol 102.2% Delta -0.979 ≈98% ITM Gamma 0.004 Theta -0.017 Vega 0.01 Open interest 0 Model this put
210	1	123.9%	0.048	$1.10		—	-0.98	108.7%	—	0
Call · $130 Last $1.10 Breakeven $131.10 Implied vol 123.9% Delta 0.048 ≈5% ITM Gamma 0.004 Theta -0.051 Vega 0.025 Open interest 210 Model this call Put · $130 In the money Last — Breakeven — Implied vol 108.7% Delta -0.98 ≈98% ITM Gamma 0.003 Theta -0.017 Vega 0.01 Open interest 0 Model this put
2	1	130.9%	0.047	$6.90		—	—	—	—	0
Call · $135 Last $6.90 Breakeven $141.90 Implied vol 130.9% Delta 0.047 ≈5% ITM Gamma 0.004 Theta -0.052 Vega 0.026 Open interest 2 Model this call Put · $135 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
8	1	137.4%	0.045	$0.10		—	—	—	—	0
Call · $140 Last $0.10 Breakeven $140.10 Implied vol 137.4% Delta 0.045 ≈4% ITM Gamma 0.004 Theta -0.053 Vega 0.013 Open interest 8 Model this call Put · $140 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
7	1	138.9%	0.04	$0.70		—	-0.982	126.6%	—	0
Call · $145 Last $0.70 Breakeven $145.70 Implied vol 138.9% Delta 0.04 ≈4% ITM Gamma 0.003 Theta -0.048 Vega 0.013 Open interest 7 Model this call Put · $145 In the money Last — Breakeven — Implied vol 126.6% Delta -0.982 ≈98% ITM Gamma 0.003 Theta -0.019 Vega 0.01 Open interest 0 Model this put
3	1	147.8%	0.042	$0.10		—	—	—	—	0
Call · $150 Last $0.10 Breakeven $150.10 Implied vol 147.8% Delta 0.042 ≈4% ITM Gamma 0.003 Theta -0.054 Vega 0.014 Open interest 3 Model this call Put · $150 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
5	1	149.1%	0.037	$0.70		—	-0.982	137.5%	—	0
Call · $155 Last $0.70 Breakeven $155.70 Implied vol 149.1% Delta 0.037 ≈4% ITM Gamma 0.003 Theta -0.049 Vega 0.014 Open interest 5 Model this call Put · $155 In the money Last — Breakeven — Implied vol 137.5% Delta -0.982 ≈98% ITM Gamma 0.002 Theta -0.019 Vega 0.01 Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. The 25 strikes around the money are shown by default — switch to "All 42" for the wings. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 314808 CUSIP G9460G101 13F (30d) 61 filings 59 filers Visit website Investor relations