XBI Options Statistics & Positioning

XBI options trade at a 30-day at-the-money implied volatility of 30.8%, an IV rank of 28 out of 100 over the past year. The options market prices a ±$6.78 (±4.3%) move in XBI for the front expiration. Max pain sits at $145 and the put/call open interest ratio is 1.08. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Jul 10, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$158.80

52-week range

$85.20 – $164.15

ATM IV (30d)

30.8%

IV rank

28 / 100

Low

Expected move

±$6.78 (±4.3%)

Put/call OI

1.08

Max pain

$145

↓ 8.7% below close

Most Active XBI Contracts

Contract	Expiration	DTE	Last	IV	Volume
XBI $167 call	Jul 17, 2026	7d	$0.26	32.5%	3,006
XBI $160 call	Jul 17, 2026	7d	$2.29	31.5%	2,242
XBI $168 call	Jul 17, 2026	7d	$0.35	33.8%	2,009
XBI $180 call	Jan 15, 2027	189d	$9.50	34.6%	1,855
XBI $157 put	Jul 31, 2026	21d	$4.70	30.4%	1,808

See all active XBI contracts →

Explore XBI Options Statistics

XBI Implied Volatility

30.8% ATM IV (30d)

An IV rank of 28 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

XBI Open Interest

1.08 put/call OI ratio

329,047 calls and 354,291 puts outstanding across all expirations.

Full open interest analysis →

XBI Max Pain

$145 max pain

8.7% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

XBI Gamma Exposure

$1.34B net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

XBI Options Volume

71,671 contracts traded

Put/call volume ratio 1.51 — 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.