XBI Options Statistics & Positioning

XBI options trade at a 30-day at-the-money implied volatility of 31.5%, an IV rank of 23 out of 100 over the past year. The options market prices a ±$14.96 (±9.7%) move in XBI for the front expiration. Max pain sits at $150 and the put/call open interest ratio is 1.05. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Oct 9, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$153.55

52-week range

$105.09 – $169.52

ATM IV (30d)

31.5%

IV rank

23 / 100

Low

Expected move

±$14.96 (±9.7%)

Put/call OI

1.05

Max pain

$150

↓ 2.3% below close

What's XBI's IV rank right now?Where's the max pain for XBI?Explain what gamma exposure means for XBI.

Most Active XBI Contracts

Contract	Expiration	DTE	Last	IV	Volume
XBI $165 put	Oct 16, 2026	7d	$10.95	36.5%	2,006
XBI $155 call	Oct 16, 2026	7d	$1.80	26.5%	1,423
XBI $146 put	Oct 16, 2026	7d	$0.37	30.5%	1,354
XBI $155 call	Oct 30, 2026	21d	$4.20	31.1%	1,282
XBI $152 put	Oct 16, 2026	7d	$1.56	28.0%	1,267

See all active XBI contracts →

Explore XBI Options Statistics

XBI Implied Volatility

31.5% ATM IV (30d)

An IV rank of 23 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

XBI Open Interest

1.05 put/call OI ratio

261,136 calls and 274,196 puts outstanding across all expirations.

Full open interest analysis →

XBI Max Pain

$150 max pain

2.3% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

XBI Gamma Exposure

-$5.57B net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

XBI Options Volume

31,639 contracts traded

Put/call volume ratio 1.08 — plus contracts running far above their usual volume.

Full volume & flow analysis →

XBI Most Active Options

$155 top volume strike

The 25 most actively traded XBI contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Explore the payoff profile of option on XBI for free

Build multi-leg XBI strategies, visualize payoffs, and scan the full US options universe with OptiView.

Open XBI in the platform Scan options

XBI Options FAQ

How often is XBI options data on this page updated?

All XBI statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see XBI max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated XBI pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.