XLK Options
XLK $186.32 · Updated Oct 26, 4:00 PM ET
XLK is at $186.32. The nearest expiration, Oct 30, 2026 (4 days out), lists 63 strikes, with 2,039 calls and 1,238 puts traded in the latest session. At-the-money implied volatility is 39.8%. The at-the-money straddle prices a move of about $5.40 (2.9%) by expiration.
XLK Options Chain
XLK is at $186.32. The nearest expiration, Oct 30, 2026 (4 days out), lists 63 strikes, with 2,039 calls and 1,238 puts traded in the latest session. At-the-money implied volatility is 39.8%. The at-the-money straddle prices a move of about $5.40 (2.9%) by expiration.
XLK Gamma Exposure (GEX)
XLK total dealer gamma exposure is -$25M across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $193.45, with spot 3.7% below it. The call wall is $190.00 and the put wall $170.00.
XLK Max Pain
XLK max pain for Oct 30, 2026 (4 days out) is $190.00, 2.0% above the current $186.32. That is the settlement price at which the open contracts on that date would pay holders the least. For Nov 27, 2026, max pain is $187.50.
XLK Put/Call Ratio
Across every listed XLK expiration, the put/call ratio is 0.69 by volume and 1.78 by open interest. More calls than puts are trading. 320,958 puts and 179,825 calls are open in total.
XLK Implied Volatility
XLK at-the-money implied volatility is 39.8% for Oct 30, 2026 (4 days out). For Nov 27, 2026 it is 30.6%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
XLK Open Interest by Strike
Across all XLK expirations, the largest call open interest near the current $186.32 sits at the $200.00 strike (12,103 contracts) and the largest put open interest at $170.00 (25,078). 179,825 calls and 320,958 puts are open in total.
XLK Expected Move
The options market prices XLK to move about $5.40 (2.9%) by Oct 30, 2026, a range of $180.92 to $191.72. For Nov 27, 2026 (32 days out) the expected move is $12.50 (6.7%).