SPXL Option Overview

2.77K calls and 4.98K puts traded on Nov 6, 2026, 7.75K contracts in total. Open interest was 70.46K contracts. Over the past 30 days, volume averaged 3.82K contracts per day. The SPXL option volume chart shows volume by strike and expiration date.

SPXL IV rank is 58, so its 30-day implied volatility of 58.9% is near the middle of its one-year range. Over the past year it ranged from 31.3% on Dec 23, 2025 to 79.0% on Mar 27, 2026. See the SPXL implied volatility history for a longer view.

The SPXL put/call volume ratio was 1.79 on Nov 6, 2026, so puts outnumber calls. The put/call open interest ratio was 0.50. The SPXL open interest chart shows calls and puts at each strike.

As of the Nov 6, 2026 close, max pain for SPXL options about one week from expiration was $270.00, 9.4% above the $246.86 close. The SPXL max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 66.2%, options price a move of about ±$22.61 (±9.2%) over the next week, a range of roughly $224.25 to $269.47 from the Nov 6, 2026 close. The SPXL expected move chart shows it for every expiration date.