XCEL ENERGY INC (XEL) Options Statistics & Positioning

XCEL ENERGY INC (XEL) options trade at a 30-day at-the-money implied volatility of 24.2%, an IV rank of 43 out of 100 over the past year. The options market prices a ±$4.90 (±6.3%) move in XEL for the front expiration. Max pain sits at $80 and the put/call open interest ratio is 5.33. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$77.33

52-week range

$71.75 – $84.00

ATM IV (30d)

24.2%

IV rank

43 / 100

Moderate

Expected move

±$4.90 (±6.3%)

Put/call OI

5.33

Put-heavy

Max pain

$80

↑ 3.5% above close

Next earnings

Oct 28, 2026

Most Active XEL Contracts

Contract	Expiration	DTE	Last	IV	Volume
XEL $70 put	Jan 15, 2027	144d	$2.00	28.5%	10,047
XEL $75 put	Jan 15, 2027	144d	$3.60	10.7%	10,007
XEL $75 put	Sep 18, 2026	25d	$0.92	23.6%	290
XEL $85 call	Sep 18, 2026	25d	$0.10	23.1%	281
XEL $70 put	Sep 18, 2026	25d	$0.25	30.7%	277

See all active XEL contracts →

Explore XEL Options Statistics

XEL Implied Volatility

24.2% ATM IV (30d)

An IV rank of 43 places implied volatility in the middle of its 52-week range.

Full implied volatility analysis →

XEL Open Interest

5.33 put/call OI ratio

12,927 calls and 68,948 puts outstanding across all expirations.

Full open interest analysis →

XEL Max Pain

$80 max pain

3.5% above the last close — see how max pain has moved over the past year.

Full max pain analysis →

XEL Gamma Exposure

-$543.11M net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

XEL Options Volume

21,355 contracts traded

Put/call volume ratio 32.21 — plus contracts running far above their usual volume.

Full volume & flow analysis →

XEL Most Active Options

$75 top volume strike

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

Full active contracts analysis →

Upcoming Earnings

XEL's next expected earnings date is Oct 28, 2026. Options currently price a ±$4.90 (±6.3%) move for the front expiration.

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XEL Options FAQ

When is XEL's next earnings date?

XEL's next expected earnings date is Oct 28, 2026. Options currently price a ±$4.90 (±6.3%) move for the front expiration.

How often is XEL options data on this page updated?

All XEL 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 XEL max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated XEL 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.