XBI Options
SPDR S&P Biotech ETF Options Chain, Implied Volatility & Greeks
Comprehensive options market data for SPDR S&P Biotech ETF (XBI). Explore implied volatility patterns, options chain liquidity, gamma exposure levels, and key market metrics.
XBI Options at a Glance
What's Covered in This Guide
1 About SPDR S&P Biotech ETF (XBI)
SPDR S&P Biotech ETF trades on NYSE. Options on XBI are actively traded by retail and institutional investors.
Company Profile
Key Dates
XBI is an actively traded options name in the Biotech ETF space.
2 XBI Options Market Overview
XBI options offer good liquidity for traders seeking exposure to Biotech ETF.
Liquidity Assessment: Good
XBI options provide good liquidity for most trading strategies.
3 XBI Volatility Profile
XBI implied volatility reflects market expectations for SPDR S&P Biotech ETF price movement.
Earnings Impact
IV typically increases before earnings and contracts afterward (IV crush).
Historical Volatility vs IV
Compare IV to historical volatility to assess option pricing relative to realized moves.
Term Structure
Term structure varies with market conditions and upcoming events.
XBI Gamma Exposure (GEX)
Gamma Exposure (GEX) analysis for XBI shows how dealer hedging may impact price behavior.
Typical GEX Profile: GEX profile varies based on market conditions and option positioning.
Key Levels: Major put and call walls at round number strikes may act as support/resistance.
Dealer Hedging: Dealer hedging activity can influence price behavior at key gamma levels.
4 Common XBI Options Strategies
These are strategies commonly used by traders on XBI options, based on typical market characteristics. This is not investment advice.
Used by XBI traders for income exposure. Good liquidity supports efficient execution.
Used by XBI traders for directional exposure. Good liquidity supports efficient execution.
Used by XBI traders for neutral exposure. Good liquidity supports efficient execution.
Used by XBI traders for volatility exposure. Good liquidity supports efficient execution.
Used by XBI traders for time-based exposure. Good liquidity supports efficient execution.
Key Considerations for XBI Options
- XBI options liquidity: Good - affects execution quality
- IV range: 15% - 45% - important for premium selling strategies
- Earnings events can significantly impact IV and option prices
- Consider position sizing based on underlying volatility
- Weekly options available for short-term strategies
- LEAPS available for longer-term positioning
Frequently Asked Questions: XBI Options
What are XBI options?
XBI options are derivative contracts that give you the right to buy (call) or sell (put) SPDR S&P Biotech ETF shares at a specific price before expiration.
How do I analyze XBI implied volatility?
XBI IV typically ranges from 15% - 22% during quiet periods to 32% - 45% around earnings and major events. Compare current IV to historical ranges to assess relative value.
What is the typical bid-ask spread for XBI options?
XBI options have good liquidity with typical spreads varying by strike and expiration. ATM options generally have tighter spreads.
When does XBI report earnings?
SPDR S&P Biotech ETF typically reports earnings quarterly. Check the earnings calendar for exact dates as IV tends to increase before announcements.
What strategies work best for XBI options?
Popular XBI strategies include covered calls, vertical spreads, and iron condors. Strategy selection depends on market outlook and risk tolerance.
What is the best time to trade XBI options?
The most liquid trading hours for XBI options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.
How do I calculate XBI option Greeks?
Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for XBI options across all strikes and expirations.
What happens to XBI options at expiration?
In-the-money XBI options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.
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XBI Analytics
XBI Key Events
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