Real Estate Real Estate Reference Data Updated 2026-05-31

VICI Gamma Exposure, IV Rank & Implied Volatility

VICI Properties Inc. (VICI) options data — GEX, IV rank, options chain & Greeks

VICI options trade with implied volatility typically in the 14% - 32% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

IV Rank 47.7 /100
IV 24.4%
Simulated data for display · open live VICI on the platform →

An IV rank near 47.7 (the value shown here is illustrative) would mean implied volatility is in roughly the 47.7th percentile of its 1-year range — middle range, neutral on premium selling vs buying. For today's live VICI IV rank from ORATS, open the dashboard.

IV History (Simulated · Illustrative Only) Range 18.05%39.91%

Chart shows simulated data for display purposes. View the real VICI IV history on the live platform →

Comprehensive options market data for VICI Properties Inc.

VICI Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 14% - 32%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Good
IV Range
14% - 32%
Market Cap
$30B+
Weeklies
Yes

1 About VICI Properties Inc. (VICI)

VICI Properties owns gaming, hospitality, and entertainment destinations including Caesars Palace and MGM Grand under long-term triple-net leases.

Company Profile

Sector Real Estate
Industry REIT - Specialty
Market Cap $30B+
Exchange NYSE

Key Dates

Next Earnings See earnings calendar
Earnings Frequency Quarterly
Dividend Schedule See company page
Fiscal Year End December

VICI Properties Inc. operates in the Real Estate sector.

2 VICI Options Market Overview

VICI options provide good liquidity for options traders.

Average Daily Volume N/A
Total Open Interest N/A
Put/Call Ratio N/A
Typical ATM Spread N/A
Weekly Options Available
LEAPS Available Yes

Liquidity Assessment: Good

VICI options are available for trading across multiple expirations.

3 VICI Implied Volatility & IV Rank

VICI implied volatility reflects interest rate sensitivity and real estate conditions. REIT volatility increases during periods of rising rates.

Low IV Environment
14% - 18%
Below average volatility
Typical IV Range
18% - 27%
Normal conditions
Elevated IV
27% - 32%
Above average volatility

Earnings Impact

IV typically expands before earnings and contracts after the announcement.

The post-earnings volatility drop is known as IV crush. Holders of short VICI options should also understand early assignment risk around dividends and expiration.

Historical Volatility vs IV

VICI IV generally trades near historical volatility, with premiums expanding around earnings.

Term Structure

Typically upward sloping under normal conditions.

View VICI Volatility Lab

VICI Gamma Exposure (GEX)

Gamma Exposure analysis for VICI reveals dealer hedging dynamics at key strike levels.

Typical GEX Profile: VICI tends to operate in a positive gamma environment during normal conditions.

Key Levels:

Dealer Hedging:

View Live VICI GEX

4 Common VICI Options Strategies

These are strategies commonly used by traders on VICI options, based on typical market characteristics. This is not investment advice.

Popular for VICI shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on VICI.

Range-bound strategy for VICI between events.

Key Considerations for VICI Options

  • VICI options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
  • Monitor earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing positions

Frequently Asked Questions: VICI Options

What is VICI's typical implied volatility?

VICI implied volatility typically ranges from 14% - 32%.

Does VICI have weekly options?

VICI offers weekly options.

What is VICI's options trading profile?

VICI (VICI Properties Inc.) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 14% - 32% range. The position sits in the Real Estate category for portfolio diversification and options strategy design.

How does VICI implied volatility behave around earnings?

IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.

What options strategies work well on VICI?

Popular strategies on VICI options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 14% - 32% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.

What is VICI's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence VICI's intraday price action. VICI tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live VICI GEX levels and the gamma-flip point on ApexVol.

What is VICI's IV rank?

VICI's IV rank shows where VICI's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. VICI implied volatility typically ranges from 14% - 32%. Check VICI's live IV rank and percentile on ApexVol's IV analytics.

AV
Written by
ApexVol Research Team
Quantitative options research
All calculations use live ORATS institutional data — the same source used by professional volatility desks.
RS
Technical reviewer
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy
10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.
This guide is updated as market conditions and ORATS data change. Last revised 2026-05-31. How we research →

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