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
2026-08-31	2976	4770	7746	1.603
2026-09-01	879	286	1165	0.325
2026-09-02	129	101	230	0.783
2026-09-03	857	115	972	0.134
2026-09-11	3036	6288	9324	2.071
2026-09-25	3190	8429	11619	2.642
2026-09-30	27870	37871	65741	1.359
2026-10-02	15286	1738	17024	0.114
2026-10-16	194171	311926	506097	1.606
2026-11-20	192127	135801	327928	0.707
2026-12-18	347545	383905	731450	1.105
2026-12-31	15752	1504	17256	0.095
2027-01-15	543953	579259	1123212	1.065
2027-03-19	193163	203375	396538	1.053
2027-03-31	2575	6677	9252	2.593
2027-06-17	31098	126350	157448	4.063
2027-06-30	3041	210	3251	0.069
2027-12-17	92496	192983	285479	2.086
2028-01-21	33557	113732	147289	3.389
2028-12-15	48306	234572	282878	4.856
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.