XLF Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete XLF options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around XLF.
Near-Term Options-Derived Market Structure
NEUTRAL OUTLOOK
Reflecting options positioning and volatility conditions over the coming sessions.
The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian
On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 100%
Current DPI is 0.156(strong-bullish). Bullish, momentum neutral or unclear.
Options Terrain Outlook (3-Month)
Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-02-20 options expiry. 90% confidence
Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)
Expiry 2026-02-06 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is neutral (0.00), pin strength 0.80.
Based on same-day expiring options (0DTE), the ATM straddle implies an 0.59% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 53.19 — 55.37 , corresponding to +2.05% / -1.97% .
Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.
Bullish flow suggests upside interest toward 56.21 (3.60% above spot).
Bearish positioning points to downside pressure toward 52.39 (3.44% below spot).
Options flow strength: 0.52 (0–1 scale). ATM Strike: 54.50, Call: 0.01, Put: 0.31, Straddle Cost: 0.32.
Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 54.26 , with intermediate positioning around 54.07 . The mid-term gamma flip remains near 54.08.