XLB ETF Options Chain and Prices
See Unusual Options Activity for XLB 🔥
In the Money
XLB Option Calls
10/23/26 (w)XLB Option Puts
XLB Option Calls 10/23/26 (w)
| Strike | Last Price | % Change | Volume | OI | Last Trade |
|---|---|---|---|---|---|
| 46.0 | $4.99 | +2.89% | 4 | 4 | 10/20, 05:33 PM |
| 46.5 | $4.73 | +0.64% | 7 | 13 | 10/21, 05:57 PM |
| 47.0 | $4.23 | -0.47% | 7 | 9 | 10/21, 05:57 PM |
| 47.5 | $3.52 | -2.22% | 3 | 6 | 10/20, 04:32 PM |
| 48.0 | $3.00 | -2.60% | 1 | 9 | 10/21, 03:50 PM |
| 48.5 | $2.76 | +126.23% | 3 | 9 | 10/21, 06:03 PM |
| 49.0 | $2.06 | +3.52% | 15 | 93 | 10/21, 04:12 PM |
| 49.5 | $1.84 | +29.58% | 17 | 194 | 10/21, 06:03 PM |
| 50.0 | $1.40 | +16.67% | 7 | 348 | 10/21, 05:51 PM |
| 50.5 | $0.89 | -1.11% | 55 | 412 | 10/21, 07:35 PM |
| 51.0 | $0.43 | -21.82% | 18 | 302 | 10/21, 07:27 PM |
| 51.5 | $0.17 | -39.29% | 58 | 968 | 10/21, 07:21 PM |
| 52.0 | $0.09 | -55.00% | 51 | 131 | 10/21, 05:51 PM |
| 52.5 | $0.03 | -57.14% | 4 | 990 | 10/21, 07:14 PM |
| 53.0 | $0.03 | +200.00% | 2 | 263 | 10/20, 05:41 PM |
| 53.5 | $0.06 | -14.29% | 1 | 8 | 10/20, 06:20 PM |
| 54.0 | $0.01 | -94.74% | 1 | 2 | 10/20, 06:20 PM |
| 54.5 | $0.33 | -26.67% | 2 | 0 | 09/10, 02:59 PM |
| 55.0 | $0.50 | 0.00% | 1 | 0 | 09/04, 04:01 PM |
| 55.5 | $0.13 | -56.67% | 1 | 1 | 10/02, 05:36 PM |
| 56.0 | ― | ― | ― | ― | ― |
XLB Option Puts 10/23/26 (w)
| Strike | Last Price | % Change | Volume | OI | Last Trade |
|---|---|---|---|---|---|
| 46.0 | $0.01 | -94.44% | 1 | 1 | 10/15, 06:35 PM |
| 46.5 | $0.01 | -94.12% | 5 | 6 | 10/19, 04:05 PM |
| 47.0 | $0.01 | -87.50% | 1 | 397 | 10/19, 03:36 PM |
| 47.5 | $0.01 | 0.00% | 16 | 1,270 | 10/21, 06:03 PM |
| 48.0 | $0.03 | -50.00% | 20 | 223 | 10/20, 03:45 PM |
| 48.5 | $0.24 | +700.00% | 1 | 616 | 10/20, 01:34 PM |
| 49.0 | $0.01 | -75.00% | 61 | 28 | 10/21, 07:11 PM |
| 49.5 | $0.08 | 0.00% | 62 | 102 | 10/20, 03:56 PM |
| 50.0 | $0.13 | +44.44% | 65 | 446 | 10/21, 07:11 PM |
| 50.5 | $0.12 | -47.83% | 56 | 100 | 10/21, 04:50 PM |
| 51.0 | $0.24 | -22.58% | 46 | 96 | 10/21, 06:56 PM |
| 51.5 | $0.49 | -33.78% | 47 | 21 | 10/21, 06:56 PM |
| 52.0 | $0.80 | -41.61% | 76 | 52 | 10/21, 06:23 PM |
| 52.5 | $1.53 | -47.24% | 6 | 1 | 10/20, 03:46 PM |
| 53.0 | $3.17 | -25.24% | 6 | 1 | 10/06, 03:44 PM |
| 53.5 | $4.31 | -9.83% | 2 | 2 | 10/07, 05:24 PM |
| 54.0 | $4.81 | +113.78% | 1 | 0 | 10/07, 05:23 PM |
| 54.5 | $3.42 | -35.47% | 1 | 0 | 10/19, 06:56 PM |
| 55.0 | $5.49 | -6.79% | 3 | 0 | 10/13, 05:27 PM |
| 55.5 | $5.84 | -9.18% | 3 | 0 | 10/13, 05:24 PM |
| 56.0 | $4.99 | -22.99% | 1 | 0 | 10/21, 05:22 PM |
XLB Options Summary
Expiring Oct 23, 2026 · As of Oct 21, 2026, 3:35 PM ET
- Put/Call Ratio (Volume)
- 2.17
- Put/Call Ratio (Open Interest)
- 0.92
- ATM Implied Volatility
- 21.2%
- Expected Move by Oct 23, 2026
- ±$0.67 (±1.31%)
- Max Pain
- $50.00
Top 5 Strikes by Open Interest
| Strike | Call OI | Put OI | Total OI |
|---|---|---|---|
| $47.50 | 6 | 1,270 | 1,276 |
| $52.50 | 990 | 1 | 991 |
| $51.50 | 968 | 21 | 989 |
| $50.00 | 348 | 446 | 794 |
| $48.50 | 9 | 616 | 625 |
FAQ
What is the put/call ratio for XLB options?
XLB options expiring Oct 23, 2026 show a put/call volume ratio of 2.17 (679 puts vs. 313 calls traded) and a put/call open interest ratio of 0.92 (3,487 puts vs. 3,804 calls open) as of Oct 21, 2026, 3:35 PM ET. A ratio above 1 means more puts than calls, which often reflects hedging or a bearish tilt.
What is the implied volatility of XLB options?
The at-the-money implied volatility of XLB options expiring Oct 23, 2026 is 21.2%, derived from the prices of the $51.00 strike call and put as of Oct 21, 2026, 3:35 PM ET.
What is the expected move for XLB by Oct 23, 2026?
The options market prices an expected move of ±$0.67 (±1.31%) for XLB by the Oct 23, 2026 expiration. This is the price of the at-the-money straddle at the $51.00 strike.
What is the max pain price for XLB options?
The max pain strike for XLB options expiring Oct 23, 2026 is $50.00. At that price, the open XLB calls and puts would pay their holders the least at expiration.
Which XLB option strikes have the most open interest?
For the Oct 23, 2026 expiration, the XLB strikes with the most open interest are $47.50 (1,276 contracts), $52.50 (991 contracts), $51.50 (989 contracts), $50.00 (794 contracts), $48.50 (625 contracts).
Options chain for Materials Select Sector SPDR Fund (XLB).