XLU Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete XLU 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 XLU.

Latest Data: 2026-10-12 (EDT)

Max Pain Price

Exp: 2026-10-16

Gamma Flip

29.14

Gamma Flip (≈60 days)

Put/Call OI Ratio

7.502

Shows put vs call positioning

IV Skew

0.67

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 44%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. Options Chian

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 71%

Current DPI is -0.688(strong-bearish). Bearish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-12-18 options expiry. 100% confidence

The support levels for XLU are at 41.43, 41.12, and 40.64, while the resistance levels are at 41.83, 42.14, and 42.62. The pivot point, a key reference price for traders, is at 34.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 0.00% 1-day move.

The expected range for the next 4 days is 0.00 — 0.00 , corresponding to +0.00% / -0.00% .

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 0.00 (0.00% above spot).

Bearish positioning points to downside pressure toward 0.00 (0.00% below spot).

Options flow strength: 0.00 (0–1 scale). ATM Strike: 0.00, Call: 0.00, Put: 0.00, Straddle Cost: 0.00.

Market signals are mixed and less reliable. The short-term gamma flip is near 29.14 , with intermediate positioning around 29.14 . The mid-term gamma flip remains near 44.32.