XEL Options Chain by Expiration – Open Interest & Put/Call Ratio

Explore the XEL options chain aggregated by expiration date, with call and put open interest, total OI and put/call ratios. Use this overview to spot where options positioning is most concentrated and which expirations carry bullish, bearish or neutral sentiment for XEL.

Options Analysis Short-Term Forecast Short Interest Report

Market Sentiment from XEL Options by Expiration Date

The table below aggregates XEL options data by expiration date, including call volume, put volume, total open interest and the put/call ratio. Each row is assigned a sentiment label and numerical sentiment score, highlighting expirations where positioning is extremely bullish, defensive or balanced. Click on an expiration date to drill down into the detailed options chain for that maturity.

Expiration Date	Call OI	Put OI	Total Open Interest	Put/Call Ratio
2026-02-20	1119	778	1897	0.695
2026-03-20	8557	2999	11556	0.350
2026-05-15	1232	196	1428	0.159
2026-06-18	851	357	1208	0.420
2026-08-21	1479	77	1556	0.052
2026-09-18	26	5	31	0.192
2026-11-20	474	863	1337	1.821
2026-12-18	47	2	49	0.043
2027-01-15	53	61	114	1.151
How the Options Sentiment Score Is Calculated This sentiment framework evaluates market bias for XEL based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Compares put and call activity. A higher PCR usually indicates more defensive or bearish positioning, while a lower PCR suggests bullish call demand. Open Interest (OI): Represents the number of outstanding option contracts. Higher open interest reflects strong market attention, hedging activity or speculative positioning around XEL. Unusual activity ⚠️: Expirations with extreme PCR or unusually high OI are flagged with a warning icon, signaling concentrated bets, hedging pressure or potential event-driven risk. The sentiment score combines PCR and OI into a 0–100 scale, then classifies each expiration into intuitive labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Higher scores reflect more aggressive bullish positioning in XEL options, while lower scores highlight more defensive or bearish structures.