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
2026-02-06	19679	22734	42413	1.155
2026-02-13	17194	28261	45455	1.644
2026-02-20	250109	403792	653901	1.614
2026-02-27	2829	3696	6525	1.306
2026-03-06	747	1108	1855	1.483
2026-03-13	229	679	908	2.965
2026-03-20	461876	439673	901549	0.952
2026-03-27	10	6	16	0.600
2026-03-31	12461	59421	71882	4.769
2026-04-17	65670	71262	136932	1.085
2026-05-15	45845	65393	111238	1.426
2026-06-18	358370	564487	922857	1.575
2026-06-30	8903	3672	12575	0.412
2026-07-17	19358	18611	37969	0.961
2026-09-18	56316	593059	649375	10.531
2026-09-30	2423	882	3305	0.364
2026-10-16	2909	13458	16367	4.626
2026-12-18	92639	169148	261787	1.826
2026-12-31	432	178	610	0.412
2027-01-15	157977	322777	480754	2.043
2027-12-17	78600	92691	171291	1.179
2028-01-21	4954	10930	15884	2.206
2028-12-15	13513	14342	27855	1.061
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.