XLF Options
XLF $55.99 · Updated Oct 26, 4:00 PM ET
XLF is at $55.99. The nearest expiration, Oct 28, 2026 (2 days out), lists 50 strikes, with 755 calls and 1,172 puts traded in the latest session. At-the-money implied volatility is 19.7%. The at-the-money straddle prices a move of about $0.66 (1.2%) by expiration.
XLF Options Chain
XLF is at $55.99. The nearest expiration, Oct 28, 2026 (2 days out), lists 50 strikes, with 755 calls and 1,172 puts traded in the latest session. At-the-money implied volatility is 19.7%. The at-the-money straddle prices a move of about $0.66 (1.2%) by expiration.
XLF Gamma Exposure (GEX)
XLF total dealer gamma exposure is -$89M across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $56.61, with spot 1.1% below it. The call wall is $56.00 and the put wall $54.00.
XLF Max Pain
XLF max pain for Oct 28, 2026 (2 days out) is $56.00, 0.0% above the current $55.99. 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 $55.50.
XLF Put/Call Ratio
Across every listed XLF expiration, the put/call ratio is 0.32 by volume and 1.29 by open interest. More calls than puts are trading. 2,424,709 puts and 1,872,503 calls are open in total.
XLF Implied Volatility
XLF at-the-money implied volatility is 19.7% for Oct 28, 2026 (2 days out). For Nov 27, 2026 it is 16.2%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
XLF Open Interest by Strike
Across all XLF expirations, the largest call open interest near the current $55.99 sits at the $55.00 strike (203,281 contracts) and the largest put open interest at $54.00 (336,887). 1,872,503 calls and 2,424,709 puts are open in total.
XLF Expected Move
The options market prices XLF to move about $0.66 (1.2%) by Oct 28, 2026, a range of $55.34 to $56.65. For Nov 27, 2026 (32 days out) the expected move is $2.17 (3.9%).