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XLE

Energy Select Sector SPDRClose $59.49EOD only

Max Pain

$59.00

Next expiry May 29, 2026

Expected Move

±$2.05

3.5% from close

Price Gap

-0.49

Distance to max pain

IV Rank

Middle-high premium

P/C OI

1.81

Slightly put-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: May 22, 2026 close

End-of-day snapshot

This page reflects XLE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 22, 2026 close

XLE AI Consensus Report

Analysis based on market close May 22, 2026

Directional Theta Gang Flow Earnings Consensus

Consensus-supported lens with chain history and key metrics in the rail.

Conviction

8.0

out of 10

8 not 9 because while directional, flow, and theta agree on pinning, theta's concern about low IV compensation slightly reduces overall conviction; earnings catalyst absent so no binary risk.

Where Perspectives Agree

Bullish pin to $59 supported by positive dealer gamma, spot near max pain, and net call premium; all personas reinforce upward drift within range.

Where They Diverge

Theta notes low front-month IV may not compensate for pin risk, and high put/call ratio (1.88) signals bearish sentiment, but flow explains as hedging, not directional. Minor conflict on IV adequacy trivially undermines theta's confidence but not the pinning thesis.

Top Trade

via theta

Sell 2026-06-18 $57.50/$51.00 put spread for credit — defined risk, profits from pin, expires after pinning window.

Key Risk

Break below $55 gamma flip invalidates pinning — accelerating downside to $51 support or below.

How to Use These Reports

This ai consensus reflects the market close on May 22, 2026.

What the reports do

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.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.