Best Options Strategy for VAL
Looking for the best options strategy for Valaris Limited (VAL)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live VAL option chain right now, and a simple map from your view on VAL to the strategy that fits it. Model any of them in the calculator before you trade.
About VAL
Valaris Limited (VAL) is a major company in Oil & Gas Drilling. Options traders on VAL tend to watch , since these can drive large moves in the share price.
Today's top-scoring strategy for VAL
Our engine ranks defined-risk strategies on the live VAL chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.
| Action | Qty | Type | Strike | Premium |
|---|---|---|---|---|
| Buy | 1× | PUT | $60 | $0.10 |
| Sell | 1× | PUT | $77.5 | $1.88 |
| Sell | 1× | CALL | $92.5 | $2.45 |
| Buy | 1× | CALL | $95 | $1.50 |
Simulation
Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.
Strategy analysis
Greeks vs price
Price × volatility (today)
| −30% | −15% | IV | +15% | +30% | |
|---|---|---|---|---|---|
| $104 | $70 | $77 | $75 | $63 | $43 |
| $100 | $95 | $94 | $82 | $60 | $30 |
| $96 | $123 | $108 | $81 | $46 | $6 |
| $92 | $144 | $108 | $65 | $17 | −$33 |
| $87 | $141 | $84 | $24 | −$36 | −$93 |
| $83 | $93 | $19 | −$51 | −$117 | −$177 |
| $79 | −$22 | −$99 | −$170 | −$233 | −$289 |
| $75 | −$216 | −$279 | −$335 | −$385 | −$429 |
| $71 | −$481 | −$512 | −$542 | −$569 | −$593 |
| $67 | −$785 | −$776 | −$772 | −$771 | −$773 |
| $62 | −$1,073 | −$1,032 | −$999 | −$974 | −$956 |
Live scan from 2026-09-11 · quotes delayed ~15 minutes
Historical backtest: how a Iron Condor on VAL would have performed
We approximated a Iron Condor on VAL, entered repeatedly over the past year (92 historical entries, each held to expiration) with Black-Scholes-modelled entry premiums. Here is how that would have played out on real VAL price history — an educational backtest, not a prediction of future returns.
Approximate: entry premiums are modelled with Black-Scholes from trailing realised volatility, held to expiration and settled against the real historical close. Real fills, implied volatility and slippage differ — treat it as directional context, not exact returns.
Implied volatility
VAL is currently trading with elevated implied volatility, so its options carry richer premiums. On the options we scanned that was around 53% implied volatility, and higher implied volatility means richer premiums and wider expected moves.
Options on VAL currently price in about 53% implied volatility, versus roughly 41% the stock has actually realised over the past month. That makes options relatively expensive — an edge for strategies that sell premium, such as credit spreads and iron condors.
Off that volatility, the options market is pricing a move of about ±$13.45 (±16%) in VAL by 2026-10-16 — a range of roughly $69.76 to $96.66. Strikes inside that band hold most of the premium and see most of the action.
Across strikes, puts and calls on VAL carry a fairly symmetric implied volatility — no strong directional fear is priced in either way.
VAL options chain highlights: open interest, volume and skew
The live VAL options chain shows a put/call open-interest ratio of 0.3 (bullish-leaning (more calls)), with at-the-money implied volatility near 52.1%. Open interest clusters at the $92.5 call — a common resistance "wall" — and the $82.5 put, a support "wall": the strikes option writers are most exposed to into expiration.
Snapshot of open interest, volume and implied volatility for the nearest scanned expiration — context, not a trading signal.
Liquidity and tradeability
VAL options are thinly traded, with wide bid-ask spreads around 45.6% near the money that eat into any edge — favour simple single-leg or tight defined-risk trades, and always use limit orders.
Earnings & IV crush
VAL's next earnings report is due around October 28, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.
Key figures
- Market cap
- $5.9B
- Beta (vs market)
- 0.94
- 52-week range
- $46.70–$114.12 (54% up the range)
- Short interest
- 12.2% of float · 6.2 days to cover
With 12.2% of VAL's float sold short, squeeze and gap risk are elevated — one reason its options can stay expensive.
How to choose an options strategy for VAL
Start with your outlook on VAL, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:
Bullish
Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.
Long Call → Bull Call Spread →Bearish
Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.
Long Put → Bear Put Spread →Neutral
Sell an iron condor to collect premium while VAL stays between two strikes, or write a covered call against shares you already own.
Iron Condor → Covered Call →⧉ Embed this free calculator on your site →
How we pick the best strategy
For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →
Open VAL in the free calculator →
Frequently asked questions
What is the best options strategy for VAL?
It depends on your outlook. Bullish traders often use a long call or bull call spread on VAL; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.
Are VAL options liquid enough to trade?
Valaris Limited (VAL) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.
How much money do I need to trade VAL options?
Buying a single VAL call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.
Is this financial advice?
No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade VAL or any security. Do your own research.
What does Valaris Limited do?
Valaris Limited (VAL) operates in the Oil & Gas Drilling industry. The "About Valaris Limited" section above gives a fuller picture of what the company does and how it earns money.
Does Valaris Limited pay a dividend?
We don't show a confirmed dividend yield for Valaris Limited here, so treat it as uncertain: before writing calls, check its current dividend and ex-dividend date with your broker — an approaching ex-dividend date can trigger early assignment on in-the-money short calls.
When does Valaris Limited next report earnings?
Valaris Limited's next earnings are expected around October 28, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.
Tickers related to VAL
Comparing VAL with similar names can help you choose the best options strategy:
Company information
- Headquarters
- 5847 San Felipe, Suite 3300, Houston, TX, 77057, United States
- Industry
- Oil & Gas Drilling
- Employees
- 3,800
- CEO
- Mr. Anton Dibowitz CPA
- Phone
- 713 789 1400
- Website
- www.valaris.com
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Educational use only. Quotes are delayed ~15 minutes and nothing here is financial advice. Options trading involves substantial risk of loss. Privacy · Terms.