$XSP Option Overview

148.5K calls and 180.77K puts traded on Nov 6, 2026, 329.27K contracts in total. Open interest was 985.0K contracts. Over the past 30 days, volume averaged 300.46K contracts per day. The $XSP option volume chart shows volume by strike and expiration date.

$XSP IV rank is 56, so its 30-day implied volatility of 19.4% is near the middle of its one-year range. Over the past year it ranged from 10.5% on Dec 26, 2025 to 26.3% on Mar 27, 2026. See the $XSP implied volatility history for a longer view.

The $XSP put/call volume ratio was 1.22 on Nov 6, 2026, so puts outnumber calls. The put/call open interest ratio was 2.36. The $XSP open interest chart shows calls and puts at each strike.

As of the Nov 6, 2026 close, max pain for $XSP options about one week from expiration was $770.00, 4.3% above the $738.27 close. The $XSP max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 23.0%, options price a move of about ±$23.46 (±3.2%) over the next week, a range of roughly $714.81 to $761.73 from the Nov 6, 2026 close. The $XSP expected move chart shows it for every expiration date.