XLE Options
XLE $69.59 · Updated Oct 26, 4:00 PM ET
XLE is at $69.59. The nearest expiration, Oct 28, 2026 (2 days out), lists 34 strikes, with 6,077 calls and 10,360 puts traded in the latest session. At-the-money implied volatility is 19.9%. The at-the-money straddle prices a move of about $0.86 (1.2%) by expiration.
XLE Options Chain
XLE is at $69.59. The nearest expiration, Oct 28, 2026 (2 days out), lists 34 strikes, with 6,077 calls and 10,360 puts traded in the latest session. At-the-money implied volatility is 19.9%. The at-the-money straddle prices a move of about $0.86 (1.2%) by expiration.
XLE Gamma Exposure (GEX)
XLE total dealer gamma exposure is $68M across all listed expirations. Positive GEX means dealers are net long gamma; their hedging tends to dampen price moves. The gamma flip is $67.05, with spot 3.8% above it. The call wall is $70.00 and the put wall $60.00.
XLE Max Pain
XLE max pain for Oct 28, 2026 (2 days out) is $68.00, 2.3% below the current $69.59. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $67.50.
XLE Put/Call Ratio
Across every listed XLE expiration, the put/call ratio is 2.52 by volume and 1.86 by open interest. More puts than calls are trading, a defensive tilt. 1,803,920 puts and 972,259 calls are open in total.
XLE Implied Volatility
XLE at-the-money implied volatility is 19.9% for Oct 28, 2026 (2 days out). For Nov 27, 2026 it is 27.6%. Longer-dated volatility is priced at or above near-term volatility, the normal upward-sloping term structure.
XLE Open Interest by Strike
Across all XLE expirations, the largest call open interest near the current $69.59 sits at the $60.00 strike (112,886 contracts) and the largest put open interest at $60.00 (155,423). 972,259 calls and 1,803,920 puts are open in total.
XLE Expected Move
The options market prices XLE to move about $0.86 (1.2%) by Oct 28, 2026, a range of $68.74 to $70.45. For Nov 27, 2026 (32 days out) the expected move is $4.56 (6.6%).