VNO · Vornado Realty Trust

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$39.32 -0.60 (-1.49%)

Market Cap

$7.45B

186.72M

Options Chain

15-min delayed Underlying $39.32 · today Options Calculator

Positioning

Aug 21, 2026 · 15 days to expiry · 40 contracts

Put / call OI

0.42

Call-heavy positioning

Open interest

628

contracts outstanding

Volume

276

traded today

Max pain

$38.00

$1.32 below spot

ATM implied vol

37.6%

market's expected move

Open interest by strike

Calls Puts

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 15d Sep 18 43d Dec 18 134d Jan 15 162d Mar 19 225d Jan 21 533d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
6	8	132.8%	0.871	$9.70		$0.05	-0.093	109.6%	1	3
Call · $30 In the money Last $9.70 Breakeven $39.70 Implied vol 132.8% Delta 0.871 ≈87% ITM Gamma 0.02 Theta -0.074 Vega 0.018 Open interest 6 Model this call Put · $30 Last $0.05 Breakeven $29.95 Implied vol 109.6% Delta -0.093 ≈9% ITM Gamma 0.019 Theta -0.048 Vega 0.012 Open interest 3 Model this put
5	10	84.6%	0.928	$9.06		$0.10	-0.101	99.9%	1	3
Call · $31 In the money Last $9.06 Breakeven $40.06 Implied vol 84.6% Delta 0.928 ≈93% ITM Gamma 0.02 Theta -0.031 Vega 0.012 Open interest 5 Model this call Put · $31 Last $0.10 Breakeven $30.90 Implied vol 99.9% Delta -0.101 ≈10% ITM Gamma 0.022 Theta -0.047 Vega 0.012 Open interest 3 Model this put
6	14	—	—	$8.17		$0.05	-0.111	90.6%	8	8
Call · $32 In the money Last $8.17 Breakeven $40.17 Implied vol — Delta — Gamma — Theta — Vega — Open interest 6 Model this call Put · $32 Last $0.05 Breakeven $31.95 Implied vol 90.6% Delta -0.111 ≈11% ITM Gamma 0.027 Theta -0.046 Vega 0.013 Open interest 8 Model this put
4	4	85.8%	0.862	$7.27		—	-0.13	82.9%	—	0
Call · $33 In the money Last $7.27 Breakeven $40.27 Implied vol 85.8% Delta 0.862 ≈86% ITM Gamma 0.032 Theta -0.051 Vega 0.019 Open interest 4 Model this call Put · $33 Last — Breakeven — Implied vol 82.9% Delta -0.13 ≈13% ITM Gamma 0.032 Theta -0.046 Vega 0.019 Open interest 0 Model this put
2	8	77.9%	0.839	$6.25		$0.38	-0.109	61.3%	1	1
Call · $34 In the money Last $6.25 Breakeven $40.25 Implied vol 77.9% Delta 0.839 ≈84% ITM Gamma 0.039 Theta -0.051 Vega 0.02 Open interest 2 Model this call Put · $34 Last $0.38 Breakeven $33.62 Implied vol 61.3% Delta -0.109 ≈11% ITM Gamma 0.038 Theta -0.03 Vega 0.013 Open interest 1 Model this put
2	10	59%	0.847	$5.25		$1.04	-0.156	60.1%	5	15
Call · $35 In the money Last $5.25 Breakeven $40.25 Implied vol 59% Delta 0.847 ≈85% ITM Gamma 0.05 Theta -0.038 Vega 0.02 Open interest 2 Model this call Put · $35 Last $1.04 Breakeven $33.96 Implied vol 60.1% Delta -0.156 ≈16% ITM Gamma 0.05 Theta -0.038 Vega 0.02 Open interest 15 Model this put
6	16	60%	0.785	$4.10		$0.50	-0.272	82.6%	56	67
Call · $36 In the money Last $4.10 Breakeven $40.10 Implied vol 60% Delta 0.785 ≈78% ITM Gamma 0.062 Theta -0.048 Vega 0.026 Open interest 6 Model this call Put · $36 Last $0.50 Breakeven $35.50 Implied vol 82.6% Delta -0.272 ≈27% ITM Gamma 0.05 Theta -0.072 Vega 0.026 Open interest 67 Model this put
8	8	51.1%	0.737	$3.55		$0.35	-0.217	40.9%	3	15
Call · $37 In the money Last $3.55 Breakeven $40.55 Implied vol 51.1% Delta 0.737 ≈74% ITM Gamma 0.08 Theta -0.045 Vega 0.027 Open interest 8 Model this call Put · $37 Last $0.35 Breakeven $36.65 Implied vol 40.9% Delta -0.217 ≈22% ITM Gamma 0.092 Theta -0.032 Vega 0.027 Open interest 15 Model this put
19	16	37.9%	0.685	$1.95		$0.50	-0.332	43.5%	10	32
Call · $38 In the money Last $1.95 Breakeven $39.95 Implied vol 37.9% Delta 0.685 ≈68% ITM Gamma 0.118 Theta -0.037 Vega 0.027 Open interest 19 Model this call Put · $38 Last $0.50 Breakeven $37.50 Implied vol 43.5% Delta -0.332 ≈33% ITM Gamma 0.106 Theta -0.042 Vega 0.027 Open interest 32 Model this put
28	16	35.2%	0.56	$1.28		$1.90	-0.444	40%	4	13
Call · $39 In the money Last $1.28 Breakeven $40.28 Implied vol 35.2% Delta 0.56 ≈56% ITM Gamma 0.141 Theta -0.038 Vega 0.032 Open interest 28 Model this call Put · $39 Last $1.90 Breakeven $37.10 Implied vol 40% Delta -0.444 ≈44% ITM Gamma 0.125 Theta -0.041 Vega 0.032 Open interest 13 Model this put
Underlying $39.32
144	4	37.8%	0.428	$0.60		$1.65	-0.598	30.1%	10	20
Call · $40 Last $0.60 Breakeven $40.60 Implied vol 37.8% Delta 0.428 ≈43% ITM Gamma 0.13 Theta -0.04 Vega 0.032 Open interest 144 Model this call Put · $40 In the money Last $1.65 Breakeven $38.35 Implied vol 30.1% Delta -0.598 ≈60% ITM Gamma 0.163 Theta -0.03 Vega 0.032 Open interest 20 Model this put
54	1	35.7%	0.297	$0.60		—	-0.664	43.6%	—	0
Call · $41 Last $0.60 Breakeven $41.60 Implied vol 35.7% Delta 0.297 ≈30% ITM Gamma 0.121 Theta -0.033 Vega 0.029 Open interest 54 Model this call Put · $41 In the money Last — Breakeven — Implied vol 43.6% Delta -0.664 ≈66% ITM Gamma 0.106 Theta -0.041 Vega 0.028 Open interest 0 Model this put
10	8	42.4%	0.235	$0.15		$3.80	-0.836	32.2%	2	5
Call · $42 Last $0.15 Breakeven $42.15 Implied vol 42.4% Delta 0.235 ≈23% ITM Gamma 0.092 Theta -0.035 Vega 0.022 Open interest 10 Model this call Put · $42 In the money Last $3.80 Breakeven $38.20 Implied vol 32.2% Delta -0.836 ≈84% ITM Gamma 0.098 Theta -0.02 Vega 0.022 Open interest 5 Model this put
102	1	48.9%	0.2	$0.34		$3.86	-0.843	42.3%	2	4
Call · $43 Last $0.34 Breakeven $43.34 Implied vol 48.9% Delta 0.2 ≈20% ITM Gamma 0.072 Theta -0.037 Vega 0.022 Open interest 102 Model this call Put · $43 In the money Last $3.86 Breakeven $39.14 Implied vol 42.3% Delta -0.843 ≈84% ITM Gamma 0.073 Theta -0.026 Vega 0.022 Open interest 4 Model this put
17	4	58.6%	0.19	$0.39		$5.44	—	—	1	0
Call · $44 Last $0.39 Breakeven $44.39 Implied vol 58.6% Delta 0.19 ≈19% ITM Gamma 0.058 Theta -0.042 Vega 0.023 Open interest 17 Model this call Put · $44 In the money Last $5.44 Breakeven $38.56 Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
18	1	85.6%	0.246	$0.05		—	—	—	—	0
Call · $45 Last $0.05 Breakeven $45.05 Implied vol 85.6% Delta 0.246 ≈25% ITM Gamma 0.046 Theta -0.073 Vega 0.023 Open interest 18 Model this call Put · $45 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
6	22	70.9%	0.152	$0.40		—	—	—	—	0
Call · $46 Last $0.40 Breakeven $46.40 Implied vol 70.9% Delta 0.152 ≈15% ITM Gamma 0.042 Theta -0.045 Vega 0.023 Open interest 6 Model this call Put · $46 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
1	10	76.9%	0.143	$0.35		—	—	—	—	0
Call · $47 Last $0.35 Breakeven $47.35 Implied vol 76.9% Delta 0.143 ≈14% ITM Gamma 0.037 Theta -0.047 Vega 0.016 Open interest 1 Model this call Put · $47 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
1	8	82.5%	0.135	$0.30		—	—	—	—	0
Call · $48 Last $0.30 Breakeven $48.30 Implied vol 82.5% Delta 0.135 ≈13% ITM Gamma 0.033 Theta -0.048 Vega 0.016 Open interest 1 Model this call Put · $48 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
3	3	118.9%	0.193	$0.10		—	—	—	—	0
Call · $50 Last $0.10 Breakeven $50.10 Implied vol 118.9% Delta 0.193 ≈19% ITM Gamma 0.029 Theta -0.086 Vega 0.024 Open interest 3 Model this call Put · $50 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — 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. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 899689 CUSIP 929042109 13F (30d) 183 filings 158 filers Visit website Investor relations