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

Explore the XLP 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 XLP.

Options Analysis Short-Term Forecast Short Interest Report

Market Sentiment from XLP Options by Expiration Date

The table below aggregates XLP 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
2026-09-04	2983	2888	5871	0.968
2026-09-18	44222	95394	139616	2.157
2026-09-25	1058	1022	2080	0.966
2026-10-02	770	3161	3931	4.105
2026-10-16	2470	9539	12009	3.862
2026-12-18	19595	146723	166318	7.488
2027-01-15	18420	52759	71179	2.864
2027-03-19	1328	33039	34367	24.879
2027-06-17	3230	39730	42960	12.300
2028-01-21	11203	21453	32656	1.915
How the Options Sentiment Score Is Calculated This sentiment framework evaluates market bias for XLP 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 XLP. 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 XLP options, while lower scores highlight more defensive or bearish structures.