Health Care Select Sector SPDRClose $147.13EOD only
Max Pain
$146.00
Next expiry May 22, 2026
Expected Move
±$3.20
2.2% from close
Price Gap
-1.13
Distance to max pain
IV Rank
20
Low premium
P/C OI
1.23
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot
This page reflects XLV options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Historical Volatility — XLV
Data as of market close May 20, 2026
Volatility regime context for premium pricing decisions. CTA pressure stays medium unless IV percentile, IV-vs-HV spread, regime label, and rich/cheap verdict are all available above the fold.
XLV Volatility
Regime framing first, then historical context
IV Current
33.7%
Current implied level
IV Percentile
18%
Position in selected lookback window
IV vs HV20
18.8 pts
IV above realized
Regime
Compressed
IV is in the lower quartile of this lookback window.
HV 20d
14.9%
Realized baseline
IV vs HV history
Keep the chart dominant and use period toggles for context windows
33/33 points passed volatility sanity checks
Signals
Premium RichRegime Compressed
Quick Stats
IV Percentile18%
IV vs HV2018.8 pts
RegimeCompressed
HV 20d14.9%
Consensus
Reports are not available for this symbol yet. Use signals and levels while coverage is pending.
This page compares realized movement with options pricing so you can judge whether premium looks rich or cheap.
What the comparison means
Historical volatility shows what the stock has actually done, while implied volatility shows what options are currently charging for future movement.
How traders use it
When IV sits above realized movement, premium sellers often pay attention. When realized movement catches up or exceeds IV, buyers get a stronger case.
What can trap you
Expensive options can still get more expensive into catalysts, and cheap-looking options can stay cheap when realized movement dries up.
Rich or cheap is a pricing read, not a directional signal by itself.