thetaOwl
HomeOptionsXLEReports

XLE

Energy Select Sector SPDRClose $59.13EOD only
Max Pain
$59.00
Next expiry May 22, 2026
Expected Move
±$0.84
1.4% from close
Price Gap
-0.13
Distance to max pain
IV Rank
27
Middle-high premium
P/C OI
1.80
Slightly put-heavy
Consensus
7.0/10
Bullish tilt
Published snapshot: May 21, 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 21, 2026 close
XLE AI Consensus Report
Analysis based on market close May 21, 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 bearish put volume tempers conviction, though delta and GEX alignment still support a high score.

Where Perspectives Agree

All personas agree on a bullish pin to $59, supported by strong dealer gamma and positive GEX, with limited breakout potential near-term.

Where They Diverge

Flow's high put volume ratio (1.88) signals bearish hedging, contradicting the bullish pin; Theta's invalidation at $60 conflicts with directional's upside breakout bias.

Top Trade
via theta

Sell 2026-06-18 $57.50/$55.00 put wing and $62.50/$65.00 call wing iron condor for $0.75 credit.

Key Risk

Break below $57.5 invalidates the pin thesis, triggering dealer delta hedging and downside acceleration toward $55 gamma floor.

How to Use These Reports
This ai consensus reflects the market close on May 21, 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.