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
2026-02-06	4441	3878	8319	0.873
2026-02-13	995	18638	19633	18.732
2026-02-20	18611	182399	201010	9.801
2026-02-27	657	957	1614	1.457
2026-03-06	352	4879	5231	13.861
2026-03-13	286	410	696	1.434
2026-03-20	69899	942413	1012312	13.482
2026-03-27	0	6	6	6.000
2026-04-17	4342	49149	53491	11.319
2026-06-18	15424	242413	257837	15.717
2026-09-18	3880	8699	12579	2.242
2026-12-18	847	995	1842	1.175
2027-01-15	5978	34269	40247	5.733
2027-06-17	73	261	334	3.575
2028-01-21	2589	3064	5653	1.183
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.