XLU · Option chain

XLU Option Chain

Every listed XLU 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

$43.03

Call open interest

187,693

Put open interest

161,578

Put/call (volume)

0.89

17,217 contracts changed hands across these expirations — 9,104 calls against 8,113 puts. Calls outtraded puts 1.12 to one.

Sep 11, 20266 days

call OI 5,774 · put OI 8,195

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	4.75 / 5.40	—	1	38	—	0.00 / 0.42	—	—
—	3.55 / 4.40	—	—	39	—	0.00 / 0.01	—	40
2.80	2.59 / 3.40	3	18	40	0.01	0.00 / 0.01	2	217
—	2.37 / 2.84	—	—	40.5	0.01	0.00 / 0.07	21	23
—	1.75 / 2.39	—	64	41	0.03	0.00 / 0.11	56	444
—	1.27 / 2.05	—	11	41.5	0.03	0.00 / 0.03	299	733
1.15	1.03 / 1.39	20	44	42	0.07	0.01 / 0.12	39	473
0.79	0.42 / 0.80	16	1,487	42.5	0.23	0.10 / 0.29	72	3,691
0.38	0.33 / 0.55	178	349	43	0.37	0.16 / 0.58	53	1,407
0.17	0.00 / 0.40	500	291	43.5	0.63	0.35 / 0.78	87	886
0.10	0.04 / 0.10	139	393	44	1.00	0.79 / 1.21	2	279
0.04	0.00 / 0.18	32	1,635	44.5	—	0.79 / 2.01	—	1
0.01	0.00 / 0.11	15	243	45	—	1.66 / 2.61	—	1
0.02	0.00 / 0.03	16	155	45.5	—	2.14 / 3.15	—	—
—	0.00 / 0.01	—	228	46	—	2.72 / 3.50	—	—
—	0.00 / 0.05	—	145	46.5	—	3.15 / 3.95	—	—
—	0.00 / 0.03	—	397	47	—	3.65 / 4.40	—	—
—	0.00 / 0.01	—	139	47.5	—	4.30 / 4.80	—	—
—	0.00 / 0.01	—	100	48	—	4.80 / 5.45	—	—
—	0.00 / 1.22	—	1	48.5	—	5.00 / 5.95	—	—
—	0.00 / 0.91	—	37	49	—	5.80 / 6.30	—	—
—	0.00 / 0.01	—	36	49.5	—	6.30 / 6.80	—	—
A dash means the contract did not trade — not a price of zero.

Sep 18, 202613 days

call OI 141,116 · put OI 116,156

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	10.30 / 10.75	—	32	32.5	—	0.00 / 0.03	—	72
—	8.60 / 9.85	—	16	34	—	0.00 / 0.03	—	1
—	7.70 / 8.55	—	528	35	—	0.00 / 0.02	—	1,949
—	6.95 / 7.90	—	15	35.5	—	0.00 / 0.23	—	8
—	6.85 / 7.25	—	19	36	0.01	0.00 / 0.03	1	22
—	6.10 / 6.90	—	60	36.5	—	0.00 / 0.23	—	1,687
—	5.80 / 6.25	—	102	37	—	0.00 / 0.03	—	603
—	5.25 / 7.90	—	32	37.5	0.02	0.00 / 0.23	1	3,154
—	4.60 / 5.40	—	1	38	—	0.00 / 0.03	—	5,586
—	4.25 / 4.95	—	42	38.5	—	0.00 / 0.75	—	566
—	3.60 / 4.60	—	93	39	—	0.00 / 0.04	—	10,435
—	3.45 / 3.95	—	1	39.5	0.03	0.00 / 0.19	1	4,034
—	2.90 / 3.40	—	258	40	0.03	0.01 / 0.04	3	9,226
—	2.16 / 2.88	—	42	40.5	0.04	0.00 / 0.09	3	329
2.10	1.92 / 2.44	11	148	41	0.09	0.04 / 0.11	2,526	7,840
—	1.55 / 1.95	—	226	41.5	0.09	0.09 / 0.13	555	2,390
1.13	1.07 / 1.45	1	484	42	0.17	0.17 / 0.38	231	14,860
0.92	0.62 / 1.14	36	5,436	42.5	0.28	0.28 / 0.36	67	11,612
0.52	0.33 / 0.68	67	1,111	43	0.50	0.41 / 0.72	1,086	12,046
0.33	0.30 / 0.37	172	2,316	43.5	0.75	0.63 / 0.83	7	7,872
0.20	0.14 / 0.25	272	3,361	44	1.15	0.98 / 1.30	87	2,679
0.10	0.09 / 0.12	30	3,553	44.5	—	1.31 / 1.84	—	10,462
0.06	0.02 / 0.10	930	54,991	45	—	1.73 / 2.10	—	7,502
—	0.00 / 0.07	—	42	45.5	—	2.30 / 2.82	—	—
0.03	0.01 / 0.03	218	28,081	46	3.11	2.68 / 3.40	181	1,221
—	0.00 / 0.07	—	5,113	47	—	3.65 / 4.70	—	—
—	0.00 / 0.01	—	10,232	47.5	—	3.70 / 5.20	—	—
—	0.00 / 0.15	—	26	48	—	4.55 / 5.35	—	—
0.03	0.00 / 0.04	13	9,302	49	—	5.45 / 6.35	—	—
0.02	0.00 / 0.05	2	7,927	50	—	6.70 / 7.35	—	—
—	0.00 / 0.06	—	3,276	51	—	7.40 / 8.60	—	—
—	0.00 / 0.01	—	4,250	52.5	—	9.15 / 10.00	—	—
A dash means the contract did not trade — not a price of zero.

Sep 25, 202620 days

call OI 6,786 · put OI 4,107

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	4.75 / 7.20	—	—	37	—	0.00 / 0.01	—	17
—	4.75 / 5.45	—	11	38	—	0.00 / 0.09	—	9
—	3.30 / 5.95	—	1	38.5	—	0.00 / 0.08	—	—
—	3.10 / 4.90	—	11	39	—	0.00 / 0.48	—	13
—	3.10 / 3.90	—	2	39.5	—	0.00 / 0.09	—	7
—	2.79 / 3.50	—	7	40	0.06	0.00 / 0.15	1	220
—	1.98 / 2.88	—	10	40.5	—	0.00 / 0.21	—	76
2.10	1.93 / 2.45	1	9	41	0.18	0.08 / 0.19	20	163
1.75	1.55 / 1.97	25	70	41.5	0.20	0.16 / 0.24	24	73
1.22	1.17 / 1.56	1	24	42	0.38	0.20 / 0.35	181	488
0.85	0.82 / 1.15	1	290	42.5	0.48	0.21 / 0.68	19	180
0.68	0.41 / 0.65	42	272	43	0.68	0.45 / 0.83	2	2,599
0.39	0.32 / 0.40	65	647	43.5	1.08	0.89 / 1.33	5	142
0.22	0.01 / 0.40	84	2,886	44	1.38	1.09 / 1.78	3	48
0.15	0.10 / 0.19	6	296	44.5	—	1.53 / 2.05	—	9
0.06	0.06 / 0.11	68	688	45	—	1.98 / 2.58	—	24
0.04	0.03 / 0.06	27	706	45.5	—	2.38 / 3.10	—	21
—	0.00 / 0.24	—	806	46	3.22	2.85 / 3.55	2	18
—	0.00 / 0.08	—	19	46.5	—	3.40 / 4.00	—	—
—	0.00 / 0.15	—	16	47	—	3.70 / 4.70	—	—
—	0.00 / 0.07	—	9	47.5	—	4.50 / 5.20	—	—
—	0.00 / 0.20	—	1	48	—	4.40 / 6.30	—	—
—	0.00 / 0.47	—	1	48.5	—	5.20 / 6.60	—	—
—	0.00 / 0.06	—	4	50	—	5.85 / 8.05	—	—
A dash means the contract did not trade — not a price of zero.

Oct 02, 202627 days

call OI 2,280 · put OI 2,429

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	5.30 / 6.60	—	—	37	—	0.00 / 0.28	—	72
—	3.90 / 5.90	—	1	38	—	0.00 / 0.09	—	—
—	3.40 / 5.35	—	1	38.5	0.04	0.00 / 0.27	1	2
—	3.15 / 4.80	—	1	39	—	0.00 / 0.11	—	6
—	2.85 / 3.40	—	3	40	0.08	0.00 / 0.12	6	52
—	2.30 / 2.97	—	—	40.5	0.11	0.10 / 0.55	2	104
—	1.80 / 2.51	—	—	41	0.18	0.14 / 0.20	30	1,316
1.75	1.40 / 2.03	2	89	41.5	0.26	0.21 / 0.30	18	129
1.36	1.04 / 1.58	4	53	42	0.38	0.31 / 0.59	32	103
1.00	0.70 / 1.20	4	209	42.5	0.59	0.43 / 0.70	15	188
0.68	0.41 / 0.93	9	128	43	0.90	0.69 / 1.07	10	216
0.51	0.41 / 0.57	12	149	43.5	—	0.91 / 1.32	—	56
0.28	0.23 / 0.35	107	306	44	1.50	1.25 / 1.60	1	43
0.32	0.00 / 0.49	12	309	44.5	—	1.47 / 2.15	—	1
—	0.11 / 0.15	—	193	45	—	2.15 / 2.44	—	84
0.10	0.06 / 0.10	57	144	45.5	—	2.40 / 3.00	—	—
0.05	0.03 / 0.09	273	512	46	—	2.85 / 3.65	—	2
—	0.00 / 0.08	—	73	46.5	—	3.30 / 4.15	—	17
—	0.00 / 0.29	—	101	47	—	3.85 / 4.95	—	15
—	0.00 / 0.08	—	3	47.5	—	3.65 / 6.05	—	—
—	0.00 / 0.08	—	2	48	—	4.45 / 6.15	—	23
—	0.00 / 0.27	—	2	49	—	5.80 / 7.10	—	—
—	0.00 / 0.27	—	1	50	—	6.20 / 8.30	—	—
A dash means the contract did not trade — not a price of zero.

Oct 09, 202634 days

call OI 29 · put OI 326

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	3.65 / 4.40	—	—	39	—	0.00 / 0.13	—	4
—	2.83 / 4.50	—	—	39.5	0.10	0.04 / 0.14	5	17
—	2.67 / 3.40	—	2	40	—	0.00 / 0.37	—	13
—	2.33 / 2.95	—	—	40.5	—	0.00 / 0.20	—	2
—	1.87 / 2.40	—	2	41	0.22	0.00 / 0.26	13	74
—	0.25 / 2.08	—	—	41.5	0.31	0.08 / 0.54	12	2
—	1.08 / 1.81	—	—	42	—	0.36 / 0.67	—	60
—	0.76 / 1.29	—	2	42.5	0.68	0.38 / 0.87	5	126
—	0.50 / 1.01	—	4	43	0.88	0.41 / 1.13	12	12
0.54	0.31 / 0.77	17	10	43.5	—	0.90 / 1.39	—	—
—	0.12 / 0.46	—	4	44	—	1.22 / 1.73	—	16
0.15	0.15 / 0.50	5	2	44.5	—	1.56 / 2.07	—	—
0.24	0.14 / 0.41	16	2	45	—	1.87 / 2.45	—	—
0.13	0.00 / 0.17	6	1	45.5	—	2.41 / 3.20	—	—
A dash means the contract did not trade — not a price of zero.

Oct 16, 202641 days

call OI 31,708 · put OI 30,365

Calls				Strike	Puts
Last	Bid / Ask	Vol	OI		Last	Bid / Ask	Vol	OI
—	8.70 / 9.80	—	30	34	0.03	0.00 / 0.24	1	1
—	7.85 / 8.40	—	18	35	0.02	0.00 / 0.24	3	3
—	6.05 / 7.50	—	106	36	—	0.00 / 0.23	—	3
—	4.95 / 6.85	—	2	37	—	0.00 / 0.10	—	3
—	4.90 / 5.45	—	7	38	0.05	0.00 / 0.14	4	48
—	3.85 / 4.45	—	34	39	0.07	0.01 / 0.09	12	174
3.05	2.80 / 3.45	2	44	40	0.12	0.00 / 0.19	1,099	12,732
—	1.93 / 2.51	—	41	41	0.27	0.15 / 0.28	680	598
1.40	1.18 / 1.59	79	361	42	0.49	0.43 / 0.52	437	13,838
0.80	0.70 / 0.89	1,720	6,134	43	0.93	0.85 / 1.03	70	2,216
0.45	0.43 / 0.53	1,520	10,541	44	1.50	1.43 / 1.64	6	553
0.22	0.13 / 0.26	2,230	5,343	45	2.35	2.09 / 2.50	1	166
0.11	0.08 / 0.15	35	8,848	46	3.38	3.05 / 3.70	1	16
0.05	0.03 / 0.12	3	137	47	—	3.85 / 4.45	—	11
—	0.00 / 0.10	—	49	48	—	5.00 / 5.90	—	1
—	0.00 / 0.48	—	3	49	—	5.60 / 7.10	—	2
—	0.00 / 0.08	—	9	50	—	6.60 / 8.10	—	—
—	0.00 / 0.47	—	1	51	—	7.20 / 9.35	—	—
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 XLU

XLU options score XLU gamma walls XLU max pain XLU IV rank XLU put/call ratio XLU 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.