XSP Options
XSP $767.68 · Updated Oct 26, 4:00 PM ET
XSP is at $767.68. The nearest expiration, Oct 27, 2026 (1 day out), lists 273 strikes, with 19,077 calls and 10,893 puts traded in the latest session. At-the-money implied volatility is 11.9%. The at-the-money straddle prices a move of about $3.79 (0.5%) by expiration.
XSP Options Chain
XSP is at $767.68. The nearest expiration, Oct 27, 2026 (1 day out), lists 273 strikes, with 19,077 calls and 10,893 puts traded in the latest session. At-the-money implied volatility is 11.9%. The at-the-money straddle prices a move of about $3.79 (0.5%) by expiration.
XSP Gamma Exposure (GEX)
XSP total dealer gamma exposure is -$1.47B across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $783.85, with spot 2.1% below it. The call wall is $770.00 and the put wall $760.00.
XSP Max Pain
XSP max pain for Oct 27, 2026 (1 day out) is $772.00, 0.6% above the current $767.68. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 25, 2026, max pain is $460.00.
XSP Put/Call Ratio
Across every listed XSP expiration, the put/call ratio is 1.36 by volume and 2.81 by open interest. More puts than calls are trading, a defensive tilt. 602,628 puts and 214,287 calls are open in total.
XSP Implied Volatility
XSP at-the-money implied volatility is 11.9% for Oct 27, 2026 (1 day out). For Nov 25, 2026 it is 14.2%. Longer-dated volatility is priced at or above near-term volatility, the normal upward-sloping term structure.
XSP Open Interest by Strike
Across all XSP expirations, the largest call open interest near the current $767.68 sits at the $830.00 strike (17,843 contracts) and the largest put open interest at $735.00 (49,684). 214,287 calls and 602,628 puts are open in total.
XSP Expected Move
The options market prices XSP to move about $3.79 (0.5%) by Oct 27, 2026, a range of $763.90 to $771.46. For Nov 25, 2026 (30 days out) the expected move is $24.99 (3.3%).