Expiry context
Reference expiry: 2026-09-04 (31 days). The modeled expiry range is $155 to $161.
Options positioning research
XLV Option Pressure
XLV: call and put activity, net pressure, volume and liquidity context for research and AI retrieval.
Updated:
XLV 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
- $162.24
- Max pain
- $158
- Gamma wall
- $157
- Net gamma at wall
- -1,001.79
- Expected high
- $167.5
- Squeeze price
- $170
- Expiry low
- $155
- Expiry high
- $161
- Weekly expected move
- $4.65
- Average IV
- 0.21%
- Average call IV
- 0.21%
- Average put IV
- 0.2%
- Total open interest
- 783
- Total volume
- 393
- Contracts sampled
- 38
Max pain
Max pain at $158 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 $157 identifies a modeled concentration of option gamma. Dealer positioning and hedging assumptions can change intraday.
Contract coverage
The snapshot sampled 25 call and 13 put contracts, with 393 total volume and 783 total open interest.