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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 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
7.0

out of 10

7 not 8 because the directional/flow conflict on bias reduces conviction despite strong pin agreement; theta structure is neutral but short-dated (2d expiry) limits fallout.

Where Perspectives Agree

All personas converge on a pin near $59 — dealer gamma and max pain support range-bound price action into expiry.

Where They Diverge

Directional sees bullish drift above $59 while Flow signals bearish hedging through heavy put buying, creating incompatible directional bias near-term.

Top Trade
via theta

Sell May 22 $59/$58.50 put credit spread for $0.15 credit — profits from pin, defined risk, aligns with theta and pin thesis.

Key Risk

Break below $58 invalidates pin and triggers gamma flip to long — downside accelerates to $55.

How to Use These Reports
This ai consensus reflects the market close on May 20, 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.