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

Explore the XLF 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 XLF.

Options Analysis Short-Term Forecast Short Interest Report

Market Sentiment from XLF Options by Expiration Date

The table below aggregates XLF 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
2026-03-27	31432	35751	67183	1.137
2026-03-31	55636	92856	148492	1.669
2026-04-02	10111	17602	27713	1.741
2026-04-10	5444	7738	13182	1.421
2026-04-17	278566	416693	695259	1.496
2026-04-24	4714	1477	6191	0.313
2026-05-01	783	751	1534	0.959
2026-05-15	84386	167713	252099	1.987
2026-06-18	627049	721365	1348414	1.150
2026-06-30	14131	9733	23864	0.689
2026-07-17	47865	36841	84706	0.770
2026-08-21	4153	4560	8713	1.098
2026-09-18	200063	797082	997145	3.984
2026-09-30	3045	1797	4842	0.590
2026-10-16	41325	113362	154687	2.743
2026-11-20	1476	1335	2811	0.904
2026-12-18	120814	199237	320051	1.649
2026-12-31	981	460	1441	0.469
2027-01-15	214697	414657	629354	1.931
2027-03-19	15396	19755	35151	1.283
2027-12-17	82384	164001	246385	1.991
2028-01-21	10224	34758	44982	3.400
2028-12-15	40266	94622	134888	2.350
How the Options Sentiment Score Is Calculated This sentiment framework evaluates market bias for XLF 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 XLF. 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 XLF options, while lower scores highlight more defensive or bearish structures.