thetaOwl

XLE

Energy Select Sector SPDRClose $59.80EOD only
Max Pain
$59.00
Next expiry May 22, 2026
Expected Move
±$1.40
2.3% from close
Price Gap
-0.80
Distance to max pain
IV Rank
34
Middle-high premium
P/C OI
1.78
Slightly put-heavy
Consensus
7.0/10
Consensus signal
Published snapshot: May 20, 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 20, 2026 close
XLE AI Consensus Report
Analysis based on market close May 19, 2026

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

You are viewing an older report from May 19, 2026. A newer ai consensus report is available for May 20, 2026.

View latest report
Conviction
6.5

out of 10

6.5 not 7.5 because flow's put dominance conflicts with theta's pin assumption; if flow is right, pin fails and theta trade loses.

Where Perspectives Agree

Bearish pin to $58 — all personas see downside pressure with positive gamma pinning support at $58.

Where They Diverge

Theta recommends selling put spreads expecting pin, but flow shows heavy institutional put buying signaling real downside risk that could break pin — undermines theta's strategy.

Top Trade
via directional

Buy $58.50/$58.00 bear put spread for $0.50 debit — profits from pin-driven move to $58, defined risk, near-term expiry.

Key Risk

Break below $57.5 flips gamma long and triggers put hedge execution — downside accelerates to $52.5 gamma flip.

How to Use These Reports
This ai consensus reflects the market close on May 19, 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.