XSP Options Statistics & Positioning

XSP options trade at a 30-day at-the-money implied volatility of 12.0%, an IV rank of 2 out of 100 over the past year. The options market prices a ±$24.77 (±3.3%) move in XSP for the front expiration. Max pain sits at $745 and the put/call open interest ratio is 3.07. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Jul 11, 2026, 7:37 AM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$757.54

52-week range

$623.80 – $761.05

ATM IV (30d)

12.0%

IV rank

2 / 100

Low

Expected move

±$24.77 (±3.3%)

Put/call OI

3.07

Put-heavy

Max pain

$745

↓ 1.7% below close

Most Active XSP Contracts

Contract	Expiration	DTE	Last	IV	Volume
XSP $769 call	Jul 24, 2026	14d	$1.79	9.2%	2,934
XSP $758 call	Jul 13, 2026	3d	$1.45	6.3%	2,196
XSP $760 put	Jul 17, 2026	7d	$4.86	8.7%	1,966
XSP $710 put	Jul 31, 2026	21d	$1.00	18.4%	1,834
XSP $700 put	Jul 29, 2026	19d	$0.48	19.2%	1,752

See all active XSP contracts →

Explore XSP Options Statistics

XSP Implied Volatility

12.0% ATM IV (30d)

An IV rank of 2 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

XSP Open Interest

3.07 put/call OI ratio

179,334 calls and 550,378 puts outstanding across all expirations.

Full open interest analysis →

XSP Max Pain

$745 max pain

1.7% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

XSP Gamma Exposure

-$31.83B net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

XSP Options Volume

210,684 contracts traded

Put/call volume ratio 1.29 — plus contracts running far above their usual volume.

Full volume & flow analysis →

XSP Most Active Options

$755 top volume strike

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

Full active contracts analysis →

Explore the payoff profile of option on XSP for free

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

Open XSP in the platform Scan options

XSP Options FAQ

How often is XSP options data on this page updated?

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

OptiView publishes dedicated XSP 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.