XLI Options Statistics & Positioning

XLI options trade at a 30-day at-the-money implied volatility of 16.6%, an IV rank of 29 out of 100 over the past year. The options market prices a ±$8.78 (±4.9%) move in XLI for the front expiration. Max pain sits at $180 and the put/call open interest ratio is 2.95. 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

$178.83

52-week range

$147.80 – $186.64

ATM IV (30d)

16.6%

IV rank

29 / 100

Low

Expected move

±$8.78 (±4.9%)

Put/call OI

2.95

Put-heavy

Max pain

$180

↑ 0.7% above close

Most Active XLI Contracts

Contract	Expiration	DTE	Last	IV	Volume
XLI $174 put	Sep 18, 2026	25d	$1.23	28.7%	5,143
XLI $175 put	Nov 20, 2026	88d	$4.50	18.7%	5,132
XLI $155 put	Mar 19, 2027	207d	$2.68	23.9%	3,000
XLI $186 call	Sep 4, 2026	11d	$0.19	27.3%	1,285
XLI $185 call	Sep 18, 2026	25d	$0.85	17.0%	820

See all active XLI contracts →

Explore XLI Options Statistics

XLI Implied Volatility

16.6% ATM IV (30d)

An IV rank of 29 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

XLI Open Interest

2.95 put/call OI ratio

139,128 calls and 409,770 puts outstanding across all expirations.

Full open interest analysis →

XLI Max Pain

$180 max pain

0.7% above the last close — see how max pain has moved over the past year.

Full max pain analysis →

XLI Gamma Exposure

-$9.28B net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

XLI Options Volume

21,380 contracts traded

Put/call volume ratio 3.15 — plus contracts running far above their usual volume.

Full volume & flow analysis →

XLI Most Active Options

$175 top volume strike

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

Full active contracts analysis →

Explore the payoff profile of option on XLI for free

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

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XLI Options FAQ

How often is XLI options data on this page updated?

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

OptiView publishes dedicated XLI 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.