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.
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: 83%
Current DPI is 0.161(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 2026-03-20 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 (0.10), pin strength 0.90.
Based on same-day expiring options (0DTE), the ATM straddle implies an 0.57% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 42.91 — 43.71 , corresponding to +0.84% / -1.02% .
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 43.93 (1.33% above spot).
Bearish positioning points to downside pressure toward 42.62 (1.68% below spot).
Options flow strength: 0.44 (0–1 scale). ATM Strike: 43.50, Call: 0.01, Put: 0.23, Straddle Cost: 0.24.
Price moves are likely to stay range-bound. The short-term gamma flip is near 43.05 , with intermediate positioning around 42.96 . The mid-term gamma flip remains near 42.97.