XLF251121P00043000 Option on Financial Select Sector
| XLF Etf | USD 54.03 0.87 1.64% |
Financial Select's latest option contracts expiring on December 19th 2025 are carrying combined implied volatility of 0.41 with a put-to-call open interest ratio of 1.34 over 103 outstanding agreements suggesting investors are buying more puts than calls on contracts expiring on December 19th 2025. The total put volume is at 2.6 K, with calls trading at the volume of 12.8 K. This yields a 0.21 put-to-call volume ratio.
Open Interest Against December 19th 2025 Option Contracts
2025-12-19
The chart above shows Financial Select's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Financial Select's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Financial Select's option, there is no secondary market available for investors to trade.
Financial Select Maximum Pain Price Across 2025-12-19 Option Contracts
Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Financial Select close to expiration to expire worthless. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, Financial Select's option sellers may reap the most after selling more options than buying, causing them to expire worthless.
In The Money vs. Out of Money Option Contracts on Financial Select
Analyzing Financial Select's in-the-money options over time can help investors to take a profitable long position in Financial Select regardless of its overall volatility. This is especially true when Financial Select's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Financial Select's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Financial Select's stock while costing only a fraction of its price.
Financial Select Sector In The Money Call Balance
When Financial Select's strike price is surpassing the current stock price, the option contract against Financial Select Sector stock is said to be in the money. When it comes to buying Financial Select's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Financial Select Sector are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Financial Current Options Market Mood
Financial Select's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Financial Etf's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Unfortunately, most Financial Select's options investors are not very successful. Financial Select's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.
Rule 16 of the current Financial contract
Base on the Rule 16, the options market is currently suggesting that Financial Select Sector will have an average daily up or down price movement of about 0.0256% per day over the life of the 2025-12-19 option contract. With Financial Select trading at USD 54.03, that is roughly USD 0.0138. If you think that the market is fully incorporating Financial Select's daily price movement you should consider buying Financial Select Sector options at the current volatility level of 0.41%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Financial | Build AI portfolio with Financial Etf |
Purchasing Financial Select options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Financial calls. Remember, the seller must deliver Financial Select Sector stock to the call owner when a call is exercised.
Financial Select Option Chain
When Financial Select's strike price is surpassing the current stock price, the option contract against Financial Select Sector stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Financial Select's option chain is a display of a range of information that helps investors for ways to trade options on Financial. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Financial. It also shows strike prices and maturity days for a Financial Select against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Open Int | Strike Price | Current Spread | Last Price | |||
Call | XLF251219C00070000 | 1047 | 70.0 | 0.0 - 0.01 | 0.01 | Out |
Call | XLF251219C00069000 | 274 | 69.0 | 0.0 - 0.22 | 0.01 | Out |
Call | XLF251219C00068000 | 571 | 68.0 | 0.01 - 0.22 | 0.01 | Out |
Call | XLF251219C00067000 | 209 | 67.0 | 0.01 - 0.42 | 0.01 | Out |
Call | XLF251219C00066000 | 390 | 66.0 | 0.01 - 0.03 | 0.01 | Out |
Call | XLF251219C00065000 | 349 | 65.0 | 0.01 - 0.04 | 0.02 | Out |
Call | XLF251219C00064000 | 134 | 64.0 | 0.02 - 0.24 | 0.06 | Out |
Call | XLF251219C00063000 | 504 | 63.0 | 0.04 - 0.25 | 0.04 | Out |
Call | XLF251219C00062000 | 2072 | 62.0 | 0.06 - 0.27 | 0.04 | Out |
Call | XLF251219C00061000 | 531 | 61.0 | 0.09 - 0.3 | 0.06 | Out |
Call | XLF251219C00060000 | 12227 | 60.0 | 0.16 - 0.35 | 0.16 | Out |
Call | XLF251219C00059000 | 1989 | 59.0 | 0.01 - 0.48 | 0.25 | Out |
Call | XLF251219C00058000 | 30992 | 58.0 | 0.44 - 0.47 | 0.39 | Out |
Call | XLF251219C00057000 | 101420 | 57.0 | 0.68 - 0.73 | 0.71 | Out |
Call | XLF251219C00056000 | 3497 | 56.0 | 1.04 - 1.27 | 0.95 | Out |
Call | XLF251219C00055000 | 97600 | 55.0 | 1.41 - 1.71 | 1.44 | Out |
Call | XLF251219C00054000 | 22422 | 54.0 | 1.88 - 2.49 | 2.03 | Out |
Call | XLF251219C00053000 | 22207 | 53.0 | 2.61 - 3.0 | 2.73 | In |
Call | XLF251219C00052000 | 21458 | 52.0 | 3.4 - 3.7 | 3.45 | In |
Call | XLF251219C00051000 | 15395 | 51.0 | 3.2 - 4.35 | 4.05 | In |
Call | XLF251219C00050000 | 28727 | 50.0 | 4.9 - 5.2 | 5.1 | In |
Call | XLF251219C00049000 | 5752 | 49.0 | 4.9 - 6.2 | 5.25 | In |
Call | XLF251219C00048000 | 5022 | 48.0 | 6.8 - 7.95 | 5.95 | In |
Call | XLF251219C00047000 | 9680 | 47.0 | 7.75 - 7.9 | 6.78 | In |
Call | XLF251219C00046000 | 3576 | 46.0 | 8.65 - 9.8 | 8.04 | In |
Call | XLF251219C00045000 | 8729 | 45.0 | 9.6 - 9.75 | 9.0 | In |
Call | XLF251219C00044000 | 838 | 44.0 | 10.55 - 11.55 | 9.95 | In |
Call | XLF251219C00043000 | 396 | 43.0 | 11.5 - 13.35 | 10.65 | In |
Call | XLF251219C00042000 | 13388 | 42.0 | 12.4 - 12.65 | 11.5 | In |
Call | XLF251219C00041000 | 305 | 41.0 | 11.4 - 15.35 | 12.65 | In |
Call | XLF251219C00040000 | 10993 | 40.0 | 13.4 - 16.25 | 14.4 | In |
Call | XLF251219C00039000 | 521 | 39.0 | 14.35 - 17.1 | 14.35 | In |
Call | XLF251219C00038000 | 327 | 38.0 | 15.35 - 17.5 | 15.73 | In |
Call | XLF251219C00037000 | 29729 | 37.0 | 15.7 - 18.7 | 16.22 | In |
Call | XLF251219C00036000 | 452 | 36.0 | 17.3 - 19.45 | 17.35 | In |
Call | XLF251219C00035000 | 12962 | 35.0 | 17.25 - 20.45 | 19.25 | In |
Call | XLF251219C00034000 | 262 | 34.0 | 18.2 - 22.1 | 17.45 | In |
Call | XLF251219C00033000 | 8959 | 33.0 | 19.7 - 22.4 | 20.23 | In |
Call | XLF251219C00032000 | 983 | 32.0 | 20.55 - 24.05 | 19.94 | In |
Call | XLF251219C00031000 | 13158 | 31.0 | 23.2 - 23.35 | 22.11 | In |
Call | XLF251219C00030000 | 83 | 30.0 | 24.15 - 24.35 | 22.71 | In |
Call | XLF251219C00029000 | 70 | 29.0 | 24.45 - 26.9 | 24.53 | In |
Call | XLF251219C00028000 | 24 | 28.0 | 24.2 - 27.35 | 22.78 | In |
Call | XLF251219C00027000 | 8 | 27.0 | 25.5 - 29.05 | 26.75 | In |
Call | XLF251219C00026000 | 10 | 26.0 | 28.1 - 28.3 | 27.66 | In |
Call | XLF251219C00025000 | 46 | 25.0 | 29.1 - 30.8 | 28.0 | In |
Call | XLF251219C00024000 | 6 | 24.0 | 28.05 - 32.0 | 28.05 | In |
Call | XLF251219C00020000 | 35 | 20.0 | 33.45 - 35.95 | 33.45 | In |
Call | XLF251219C00019000 | 4 | 19.0 | 34.0 - 36.2 | 34.0 | In |
Call | XLF251219C00018000 | 7 | 18.0 | 33.95 - 37.85 | 34.92 | In |
Call | XLF251219C00017000 | 9 | 17.0 | 35.05 - 38.85 | 35.84 | In |
Call | XLF251219C00016000 | 16 | 16.0 | 35.95 - 39.2 | 35.95 | In |
Put | XLF251219P00070000 | 0 | 70.0 | 14.2 - 18.15 | 14.2 | In |
Put | XLF251219P00069000 | 0 | 69.0 | 13.2 - 17.15 | 13.2 | In |
Put | XLF251219P00068000 | 0 | 68.0 | 12.3 - 16.15 | 12.3 | In |
Put | XLF251219P00067000 | 0 | 67.0 | 11.2 - 15.15 | 11.2 | In |
Put | XLF251219P00066000 | 0 | 66.0 | 11.9 - 12.35 | 11.9 | In |
Put | XLF251219P00065000 | 0 | 65.0 | 9.2 - 13.15 | 9.2 | In |
Put | XLF251219P00064000 | 0 | 64.0 | 9.95 - 12.15 | 9.95 | In |
Put | XLF251219P00063000 | 0 | 63.0 | 7.4 - 9.15 | 7.4 | In |
Put | XLF251219P00062000 | 0 | 62.0 | 6.35 - 10.15 | 6.35 | In |
Put | XLF251219P00061000 | 0 | 61.0 | 6.95 - 7.85 | 6.95 | In |
Put | XLF251219P00056000 | 112 | 56.0 | 2.26 - 2.89 | 3.84 | In |
Put | XLF251219P00055000 | 113100 | 55.0 | 1.89 - 2.12 | 2.49 | In |
Put | XLF251219P00054000 | 3263 | 54.0 | 1.6 - 1.66 | 2.08 | Out |
Put | XLF251219P00053000 | 15889 | 53.0 | 1.08 - 1.31 | 1.33 | Out |
Put | XLF251219P00052000 | 16460 | 52.0 | 0.66 - 1.09 | 1.05 | Out |
Put | XLF251219P00051000 | 9667 | 51.0 | 0.59 - 1.03 | 0.94 | Out |
Put | XLF251219P00050000 | 55434 | 50.0 | 0.44 - 0.87 | 0.66 | Out |
Put | XLF251219P00049000 | 50394 | 49.0 | 0.52 - 0.74 | 0.54 | Out |
Put | XLF251219P00048000 | 34579 | 48.0 | 0.43 - 0.64 | 0.53 | Out |
Put | XLF251219P00047000 | 16048 | 47.0 | 0.36 - 0.58 | 0.38 | Out |
Put | XLF251219P00046000 | 12450 | 46.0 | 0.3 - 0.32 | 0.33 | Out |
Put | XLF251219P00045000 | 12169 | 45.0 | 0.25 - 0.68 | 0.27 | Out |
Put | XLF251219P00044000 | 4621 | 44.0 | 0.21 - 0.24 | 0.26 | Out |
Put | XLF251219P00043000 | 8503 | 43.0 | 0.01 - 0.21 | 0.23 | Out |
Put | XLF251219P00042000 | 6623 | 42.0 | 0.16 - 0.18 | 0.18 | Out |
Put | XLF251219P00041000 | 12478 | 41.0 | 0.0 - 0.16 | 0.22 | Out |
Put | XLF251219P00040000 | 25436 | 40.0 | 0.07 - 0.2 | 0.14 | Out |
Put | XLF251219P00039000 | 7802 | 39.0 | 0.03 - 0.2 | 0.16 | Out |
Put | XLF251219P00038000 | 3674 | 38.0 | 0.01 - 0.51 | 0.2 | Out |
Put | XLF251219P00037000 | 16757 | 37.0 | 0.01 - 0.51 | 0.17 | Out |
Put | XLF251219P00036000 | 1444 | 36.0 | 0.0 - 0.28 | 0.15 | Out |
Put | XLF251219P00035000 | 15045 | 35.0 | 0.0 - 0.47 | 0.07 | Out |
Put | XLF251219P00034000 | 9810 | 34.0 | 0.0 - 0.26 | 0.08 | Out |
Put | XLF251219P00033000 | 19947 | 33.0 | 0.0 - 0.65 | 0.11 | Out |
Put | XLF251219P00032000 | 7971 | 32.0 | 0.0 - 0.44 | 0.07 | Out |
Put | XLF251219P00031000 | 32488 | 31.0 | 0.0 - 0.1 | 0.1 | Out |
Put | XLF251219P00030000 | 6507 | 30.0 | 0.0 - 0.09 | 0.02 | Out |
Put | XLF251219P00029000 | 3269 | 29.0 | 0.0 - 0.09 | 0.03 | Out |
Put | XLF251219P00028000 | 5532 | 28.0 | 0.0 - 0.4 | 0.02 | Out |
Put | XLF251219P00027000 | 63890 | 27.0 | 0.0 - 0.08 | 0.02 | Out |
Put | XLF251219P00026000 | 2879 | 26.0 | 0.0 - 0.02 | 0.03 | Out |
Put | XLF251219P00025000 | 28069 | 25.0 | 0.0 - 0.5 | 0.01 | Out |
Put | XLF251219P00024000 | 200 | 24.0 | 0.0 - 2.13 | 0.01 | Out |
Put | XLF251219P00023000 | 594 | 23.0 | 0.0 - 4.8 | 0.02 | Out |
Put | XLF251219P00022000 | 173 | 22.0 | 0.0 - 0.21 | 0.01 | Out |
Put | XLF251219P00021000 | 383 | 21.0 | 0.0 - 0.21 | 0.01 | Out |
Put | XLF251219P00020000 | 26510 | 20.0 | 0.0 - 0.41 | 0.01 | Out |
Put | XLF251219P00019000 | 106 | 19.0 | 0.0 - 0.41 | 0.02 | Out |
Put | XLF251219P00018000 | 311 | 18.0 | 0.0 - 0.37 | 0.01 | Out |
Put | XLF251219P00017000 | 127 | 17.0 | 0.0 - 0.41 | 0.01 | Out |
Put | XLF251219P00016000 | 6124 | 16.0 | 0.0 - 0.03 | 0.01 | Out |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Financial Select Sector. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of Financial Select Sector is measured differently than its book value, which is the value of Financial that is recorded on the company's balance sheet. Investors also form their own opinion of Financial Select's value that differs from its market value or its book value, called intrinsic value, which is Financial Select's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Financial Select's market value can be influenced by many factors that don't directly affect Financial Select's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Financial Select's value and its price as these two are different measures arrived at by different means. Investors typically determine if Financial Select is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Financial Select's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.