VST December 140/155 call spread: buyers defend support

Buy December $140 calls and sell $155 calls in small size. November $140 puts recorded $1.10M of bid-side trading across two sessions, consistent with traders accepting downside risk near support. Shares have recovered above today's average trading price. The spread reduces cost ahead of November 6 earnings. The broader trend remains weak, and an earnings gap could lose the full debit.

• VST, call debit spread, 3-8 weeks, opened Oct 30, 2026.

Updated 2026-11-02 17:48 UTC