Expiry context
Reference expiry: 2026-09-04 (31 days). The modeled expiry range is $55 to $58.
Options positioning research
XLF Option Pressure
XLF: call and put activity, net pressure, volume and liquidity context for research and AI retrieval.
Updated:
XLF option-pressure snapshot
Only verified API values are shown. Pressure describes observed options activity and does not identify whether contracts were opened, closed, bought, sold, or hedged.
- Underlying price
- $57.38
- Max pain
- $56.5
- Gamma wall
- $55
- Net gamma at wall
- -8,772.4
- Expected high
- $59.5
- Squeeze price
- $60.5
- Expiry low
- $55
- Expiry high
- $58
- Weekly expected move
- $1.96
- Average IV
- 0.25%
- Average call IV
- 0.17%
- Average put IV
- 0.3%
- Total open interest
- 4,353
- Total volume
- 865
- Contracts sampled
- 45
Max pain
Max pain at $56.5 is an open-interest-derived reference level. It is not a forecast and does not force the underlying to settle there.
Gamma wall
The gamma wall at $55 identifies a modeled concentration of option gamma. Dealer positioning and hedging assumptions can change intraday.
Contract coverage
The snapshot sampled 20 call and 25 put contracts, with 865 total volume and 4,353 total open interest.