XLE
Energy Select Sector SPDRClose $55.87EOD onlyThis page reflects XLE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Historical consensus-supported lens with full content, report chain context, and metric rail.
Flow Verdict
Watch next session: Follow-up on May-15 call volume/roll; Change in put OI and PC OI ratio; GEX movement intraday
Flow Summary
Net premium: +$6.2M bullish
P/C volume ratio: 0.98
P/C OI ratio: 1.84
Notable Prints
Read-through: Needs contextual interpretation.
Read-through: Needs contextual interpretation.
Read-through: Needs contextual interpretation.
Read-through: Needs contextual interpretation.
Read-through: Needs contextual interpretation.
Institutional Positioning
Call additions: Concentrated call buys May expiries 56–63, largest OI at May15 63.0C
Put additions: Put stacking 52.5–56.0 (May/Jul 54) indicating downside protection; put OI exceeds call OI
GEX/DEX consistency: Contradictory: GEX shows short-gamma (~-$19.9M) while DEX shows heavy buying (+137.4M shares). Flagged inconsistency—monitor delta/gamma flows and VIX to see which dominates
OI clusters: OI clusters: puts ~54–56; calls 56–63 with notable May15 block
Hedging evidence: Elevated May put IV and concentrated put OI suggest hedges or collars present
Max pain context: Spot near max-pain; flow implies a probable (not certain) pin/range toward mid-50s if puts hold, but outcome depends on resolution of GEX/DEX conflict
Signal vs Noise
Key Conclusions
Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.
Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.
These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.