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
2026-03-27	4429	4456	8885	1.006
2026-04-02	3483	1098	4581	0.315
2026-04-10	385	533	918	1.384
2026-04-17	22454	241919	264373	10.774
2026-04-24	825	366	1191	0.444
2026-05-01	150	148	298	0.987
2026-05-15	2374	23808	26182	10.029
2026-06-18	37832	433798	471630	11.466
2026-09-18	7642	11540	19182	1.510
2026-12-18	2939	4591	7530	1.562
2027-01-15	8465	38732	47197	4.576
2027-06-17	538	5585	6123	10.381
2028-01-21	4064	6465	10529	1.591
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.