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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
40
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 April 7, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

You are viewing an older report from April 7, 2026. A newer ai consensus report is available for May 22, 2026.

View latest report
Conviction
6.5

out of 10

6.5 because strong GEX and concentrated positioning make the $60 magnet credible near-term, but mixed flow activity and elevated near-term IV meaningfully raise the probability of a break or large intraday excursion that could invalidate short-premium trades; absence of a clean, one-way flow prevents a higher score.

Where Perspectives Agree

Consensus favors a $60 pin with dealer short-gamma and a theta-friendly environment—dealer positioning both supports the magnet and amplifies moves away from it, creating defined premium-selling edges near $60.

Where They Diverge

Flow signals mixed institutional activity and occasional large buys that could foreshadow directional continuation away from the pin, which directly contradicts the pure pinning thesis because sustained institutional accumulation would break the magnet; elevated front-week IV also conflicts with simple premium-selling recommendations by increasing tail risk for short structures.

Top Trade
via theta

Sell Apr 10 $60 call, buy Apr 17 $60 call calendar for a net credit (expect small credit to small debit depending on spreads).

Key Risk

A decisive break below $50 (large sell block or macro shock) removes dealer short-gamma support, flips GEX behavior, and would accelerate downside toward the next structural support around $46.20 — that break invalidates the $60 pin and collapses short-premium trade profitability.

How to Use These Reports
This ai consensus reflects the market close on April 7, 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.