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XLF

Financial Select Sector SPDRClose $51.58EOD only

Max Pain

$51.00

Next expiry May 15, 2026

Expected Move

±$0.68

1.3% from close

Price Gap

-0.58

Distance to max pain

IV Rank

Low premium

P/C OI

1.55

Slightly put-heavy

Consensus

6.0/10

Range bias

Published snapshot: May 12, 2026 close

End-of-day snapshot

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

Published Snapshot

May 12, 2026 close

XLF AI Consensus Report

Analysis based on market close May 13, 2026

Directional Theta Gang Flow Earnings Consensus

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

Conviction

7.0

out of 10

7 not 9 because the conflict between theta's bullish trade structure and the bearish flow/directional alignment reduces conviction; if theta also turned bearish, conviction would be 9.

Where Perspectives Agree

Bearish consensus across all personas with negative dealer gamma and heavy put flow driving downside bias towards $48 support.

Where They Diverge

Theta's recommendation of short put credit spreads is bullish-biased, conflicting with the bearish directional and flow signals; this suggests caution on near-term bullish positioning.

Top Trade

via directional

Buy 2026-05-29 $50/$49.50 put spread for $0.25 debit.

Key Risk

Break below $48 gamma flip triggers dealer hedging and accelerates downside towards $44 support.

How to Use These Reports

This ai consensus reflects the market close on May 13, 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.