XLB · Option chain

XLB Option Chain

Every listed XLB strike within 25% of spot, across the next 6 expirations — calls and puts side by side with last price, volume and open interest, plus the closing bid and ask.

Open interest and pricing as of the close on 2026-09-03. Recomputed every morning before the open.

Spot

$52.62

Call open interest

215,150

Put open interest

104,197

Put/call (volume)

0.55

3,074 contracts changed hands across these expirations — 1,977 calls against 1,097 puts. Calls outtraded puts 1.80 to one.

Sep 11, 20266 days

call OI 1,238 · put OI 819

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	11.70 / 14.55	—	1	40	—	0.00 / 0.06	—	1
—	10.80 / 13.95	—	—	41	—	0.00 / 4.80	—	4
—	9.80 / 12.95	—	—	42	—	0.00 / 4.80	—	4
—	5.60 / 8.65	—	—	46	—	0.00 / 4.80	—	1
—	4.95 / 7.30	—	—	47	—	0.00 / 4.80	—	4
—	3.25 / 7.00	—	—	48	0.01	0.00 / 4.80	1	8
—	3.65 / 5.55	—	—	48.5	—	0.00 / 4.80	—	4
—	2.65 / 5.50	—	1	49	—	0.00 / 4.80	—	16
—	1.65 / 5.50	—	1	49.5	—	0.00 / 4.80	—	3
—	1.25 / 5.50	—	28	50	—	0.00 / 0.06	—	55
—	0.70 / 5.00	—	56	50.5	—	0.00 / 4.80	—	54
—	0.30 / 5.00	—	147	51	—	0.05 / 4.95	—	121
1.22	0.25 / 1.59	1	3	51.5	—	0.00 / 4.80	—	32
0.99	0.05 / 4.95	1	8	52	0.33	0.00 / 4.80	2	154
0.60	0.14 / 0.71	8	64	52.5	0.42	0.31 / 4.95	63	31
0.37	0.00 / 4.80	72	157	53	0.82	0.00 / 4.80	3	254
—	0.00 / 2.40	—	354	53.5	0.88	0.00 / 4.80	2	41
0.08	0.00 / 0.75	77	157	54	—	0.00 / 4.80	—	13
0.07	0.00 / 0.12	2	136	54.5	—	0.42 / 5.00	—	6
0.03	0.00 / 2.56	1	91	55	—	1.06 / 5.00	—	3
—	0.00 / 4.80	—	1	55.5	—	1.73 / 3.70	—	1
—	0.00 / 3.30	—	10	56	—	2.22 / 4.30	—	—
—	0.00 / 4.80	—	—	56.5	—	2.72 / 4.55	—	3
—	0.01 / 1.13	—	22	57	—	3.40 / 7.00	—	2
—	0.00 / 4.80	—	1	57.5	4.97	3.90 / 6.55	4	1
—	0.00 / 4.80	—	—	58	5.47	4.50 / 6.35	4	—
—	0.00 / 4.80	—	—	59	6.45	5.45 / 9.00	2	3
—	0.00 / 4.80	—	—	60	7.45	5.25 / 8.95	2	—
A dash means the contract did not trade — not a price of zero.

Sep 18, 202613 days

call OI 210,593 · put OI 16,314

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	12.15 / 13.85	—	568	40	—	0.00 / 4.80	—	561
—	10.80 / 12.40	—	1	41	—	0.00 / 4.80	—	21
—	9.30 / 12.05	—	26	42.5	—	0.00 / 0.21	—	206
—	8.00 / 10.10	—	16	44	—	0.00 / 4.80	—	63
—	7.05 / 9.25	—	21	45	—	0.03 / 0.50	—	256
—	5.10 / 8.25	—	306	46	—	0.00 / 4.80	—	340
—	4.75 / 6.85	—	141	47.5	—	0.00 / 0.20	—	2,294
—	2.98 / 4.80	—	654	49	—	0.05 / 0.21	—	5,408
—	2.52 / 3.30	—	2,059	50	0.15	0.06 / 5.00	2	3,117
—	0.90 / 5.00	—	31	50.5	0.19	0.05 / 5.00	1	64
—	1.00 / 3.05	—	786	51	0.22	0.16 / 5.00	25	917
—	0.10 / 5.00	—	—	51.5	0.30	0.01 / 1.94	73	385
1.28	0.82 / 1.49	3	9	52	0.45	0.00 / 2.19	61	578
0.88	0.39 / 0.99	530	4,116	52.5	0.58	0.15 / 2.81	154	1,425
0.59	0.11 / 1.50	22	138	53	—	0.00 / 4.80	—	72
—	0.00 / 2.89	—	53	53.5	—	0.05 / 4.95	—	28
0.13	0.09 / 1.00	49	3,710	54	—	0.01 / 4.95	—	163
—	0.12 / 4.95	—	29	54.5	—	0.16 / 5.00	—	—
0.13	0.05 / 0.36	14	91,835	55	—	0.95 / 2.78	—	386
0.08	0.00 / 0.10	8	12	55.5	—	0.79 / 5.00	—	1
—	0.00 / 4.80	—	748	56	3.47	2.15 / 4.25	2	24
—	0.00 / 4.80	—	25	56.5	—	1.60 / 6.30	—	—
—	0.00 / 1.55	—	50	57	—	3.20 / 4.95	—	4
—	0.00 / 0.61	—	11,084	57.5	—	3.50 / 6.65	—	—
—	0.00 / 0.08	—	2	58	—	4.25 / 6.35	—	1
—	0.00 / 0.29	—	2,403	59	—	5.20 / 6.75	—	—
—	0.00 / 0.26	—	1,430	60	—	5.50 / 8.30	—	—
—	0.00 / 4.80	—	311	61	—	7.20 / 9.10	—	—
—	0.00 / 0.10	—	89,268	62.5	—	7.90 / 11.55	—	—
—	0.00 / 0.27	—	181	64	—	9.80 / 12.80	—	—
—	0.00 / 4.80	—	580	65	—	10.50 / 12.75	—	—
A dash means the contract did not trade — not a price of zero.

Sep 25, 202620 days

call OI 1,421 · put OI 932

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	8.35 / 12.25	—	—	43	—	0.00 / 4.80	—	1
—	6.30 / 9.55	—	—	45	—	0.00 / 4.80	—	4
—	5.90 / 8.00	—	—	46	—	0.00 / 4.80	—	2
—	2.80 / 6.75	—	—	48	—	0.05 / 0.25	—	30
—	3.45 / 5.60	—	4	48.5	—	0.00 / 4.80	—	19
—	2.17 / 6.50	—	—	49	0.16	0.00 / 1.71	2	24
—	1.75 / 6.00	—	—	49.5	—	0.00 / 4.80	—	7
—	0.84 / 5.45	—	141	50	—	0.05 / 0.67	—	21
—	0.75 / 5.00	—	35	50.5	—	0.00 / 2.20	—	64
—	0.55 / 5.00	—	15	51	0.36	0.00 / 1.25	59	71
—	0.00 / 4.80	—	4	51.5	0.51	0.17 / 0.49	1	636
—	0.00 / 4.80	—	13	52	—	0.00 / 4.80	—	13
0.90	0.12 / 1.13	2	616	52.5	—	0.14 / 3.45	—	7
—	0.42 / 0.98	—	20	53	—	0.68 / 1.35	—	11
0.55	0.00 / 4.80	48	110	53.5	—	0.00 / 4.80	—	—
0.33	0.00 / 0.85	10	6	54	—	0.00 / 4.80	—	6
—	0.00 / 4.80	—	5	54.5	—	0.20 / 5.00	—	—
—	0.00 / 0.71	—	410	55	—	0.99 / 5.00	—	—
0.12	0.00 / 4.80	8	13	55.5	—	0.70 / 5.45	—	—
—	0.00 / 4.80	—	—	56	—	1.09 / 5.75	—	5
0.04	0.00 / 4.80	6	29	56.5	—	1.50 / 6.15	—	—
—	0.00 / 4.80	—	—	57	—	2.00 / 6.30	—	6
—	0.00 / 4.80	—	—	58	—	4.40 / 5.95	—	5
A dash means the contract did not trade — not a price of zero.

Oct 02, 202627 days

call OI 295 · put OI 84,573

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	9.85 / 13.85	—	—	41	—	0.00 / 4.80	—	45,961
—	5.05 / 8.85	—	—	46	—	0.00 / 4.80	—	2
—	4.65 / 7.05	—	—	47	—	0.00 / 2.21	—	2
—	4.75 / 6.65	—	—	47.5	—	0.00 / 4.80	—	3
—	2.80 / 7.45	—	—	48	—	0.00 / 4.80	—	38,382
—	2.60 / 7.00	—	—	48.5	—	0.00 / 3.20	—	29
—	3.25 / 4.75	—	—	49	—	0.00 / 4.80	—	3
—	2.60 / 4.35	—	—	49.5	—	0.00 / 4.80	—	10
—	0.95 / 5.00	—	—	50	0.36	0.15 / 0.34	2	87
—	0.90 / 5.00	—	—	50.5	0.34	0.00 / 4.80	77	5
—	0.60 / 5.00	—	4	51	0.43	0.21 / 5.00	3	32
—	0.10 / 5.00	—	197	51.5	0.52	0.15 / 0.88	2	4
—	0.55 / 5.00	—	1	52	0.79	0.47 / 0.97	67	4
—	0.01 / 4.95	—	25	52.5	—	0.00 / 4.00	—	8
0.82	0.00 / 4.80	1	6	53	1.29	0.40 / 5.00	54	11
—	0.00 / 4.80	—	1	53.5	—	0.01 / 4.95	—	23
—	0.00 / 4.80	—	3	54	—	0.10 / 5.00	—	2
—	0.00 / 4.80	—	5	54.5	—	0.35 / 5.00	—	—
—	0.00 / 4.80	—	4	55	—	0.65 / 5.00	—	1
—	0.00 / 4.80	—	17	55.5	—	0.60 / 4.95	—	—
—	0.03 / 1.20	—	12	56	—	1.20 / 5.90	—	—
0.28	0.00 / 4.80	1	19	56.5	—	1.90 / 6.50	—	—
0.24	0.00 / 4.80	1	1	57.5	—	2.60 / 6.90	—	—
—	0.00 / 4.80	—	—	58	—	3.65 / 7.25	—	4
A dash means the contract did not trade — not a price of zero.

Oct 09, 202634 days

call OI 3 · put OI 22

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	4.80 / 6.70	—	—	47.5	—	0.00 / 3.20	—	2
—	4.20 / 6.40	—	—	48	—	0.00 / 4.80	—	3
—	3.20 / 7.00	—	—	48.5	—	0.00 / 4.80	—	3
—	3.15 / 4.80	—	—	49	0.25	0.00 / 0.90	16	3
—	2.44 / 6.00	—	—	49.5	—	0.00 / 4.80	—	1
—	1.25 / 5.50	—	—	50	—	0.00 / 0.87	—	1
—	0.25 / 5.00	—	—	51.5	0.87	0.40 / 0.94	10	1
—	0.15 / 2.43	—	—	52	0.91	0.00 / 4.80	48	1
1.24	0.00 / 3.45	4	1	52.5	—	0.71 / 1.50	—	1
—	0.00 / 4.80	—	—	53	1.31	0.00 / 4.10	30	2
—	0.00 / 4.80	—	1	55	2.49	0.41 / 5.00	1	2
—	0.00 / 4.80	—	—	55.5	2.81	0.51 / 5.45	1	2
—	0.00 / 4.80	—	1	56	—	1.40 / 6.00	—	—
A dash means the contract did not trade — not a price of zero.

Oct 16, 202641 days

call OI 1,600 · put OI 1,537

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	6.55 / 9.20	—	—	45	—	0.00 / 4.80	—	1
—	5.10 / 9.50	—	—	46	—	0.00 / 0.30	—	1
—	5.35 / 6.60	—	—	47	0.37	0.00 / 4.80	1	14
—	3.25 / 7.50	—	—	48	0.38	0.00 / 0.65	1	27
—	2.38 / 6.50	—	—	49	0.28	0.24 / 4.60	5	421
—	1.30 / 5.50	—	55	50	0.43	0.20 / 0.50	21	347
—	1.60 / 3.10	—	100	51	0.63	0.20 / 1.00	1	24
1.68	1.15 / 3.45	22	30	52	0.93	0.50 / 1.03	245	498
1.11	1.06 / 1.68	458	112	53	1.37	0.00 / 4.80	45	31
0.71	0.66 / 3.50	74	334	54	1.68	0.83 / 4.85	1	164
0.43	0.36 / 1.08	544	167	55	2.80	0.00 / 4.80	3	4
0.28	0.00 / 2.50	4	63	56	—	1.00 / 5.75	—	5
0.17	0.00 / 1.78	6	31	57	—	2.06 / 7.00	—	—
—	0.00 / 4.80	—	445	58	—	3.00 / 7.90	—	—
—	0.00 / 4.80	—	235	59	—	5.10 / 7.10	—	—
—	0.00 / 0.20	—	28	60	—	6.00 / 8.95	—	—
A dash means the contract did not trade — not a price of zero.

How to read this chain

Calls sit on the left, puts on the right, and every row is one strike. The highlighted row is the strike closest to spot. Open interest is the number of contracts still outstanding at that strike — positions that exist right now. Volume is how many traded on the session shown. Open interest builds slowly and marks where positioning has accumulated; volume spikes and marks where attention went today.

Strikes with no open interest and no trades on either side are omitted, and the ladder is trimmed to within 25% of spot — the far wings are almost entirely empty and say nothing about positioning.

More on XLB

XLB options score XLB gamma walls XLB max pain XLB IV rank XLB put/call ratio XLB options flow

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Educational, not investment advice. Options involve risk. Open interest is reported with a one-session lag by OCC, so these levels describe positioning as of the last settled session, not live intraday flow.