ETF · ETFs - Sector
XLB Implied Volatility, IV Rank & Options Chain
Materials Select Sector SPDR (XLB) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Materials Select Sector SPDR (XLB).
Live tools open on the AAPL demo for visitors. XLB unlocks with the 7-day free trial.
On this page
XLB options trade with implied volatility typically in the 12% - 32% range, averaging N/A in daily volume with excellent liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
XLB implied volatility
As of 2026-09-01As of 2026-09-01, XLB's 30-day implied volatility is 19.8%, placing its 1-year IV percentile at 30.0 — above 30.0% of the past year's daily IV readings, a middle range, neutral between selling and buying premium.
XLB live chain, Greeks and GEX
TerminalEvery figure above is reference data. The live XLB chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.
XLB options at a glance
- Daily volume
- N/A
- IV range
- 12% - 32%
- Bid-ask spread
- N/A
- Expirations
- Weekly, monthly, LEAPS
- Open interest
- N/A
- Next earnings
- See earnings calendar
About Materials Select Sector SPDR (XLB)
Materials Select Sector SPDR (XLB) is a sector etf company listed on NYSE.
Company profile
- Sector
- ETF
- Industry
- Sector ETF
- Market cap
- See live data
- Exchange
- NYSE
Key dates
- Next earnings
- See earnings calendar
- Earnings frequency
- Quarterly
- Dividend schedule
- See company page
- Fiscal year end
- December
Materials Select Sector SPDR is a Sector ETF) company in the ETF sector.
XLB options market overview
XLB options provide trading opportunities for options traders.
- Average daily volume
- N/A
- Total open interest
- N/A
- Put/call ratio
- N/A
- Typical ATM spread
- N/A
- Weekly options
- Available
- LEAPS available
- Yes
Liquidity assessment: Excellent
XLB options provide trading opportunities across multiple expirations.
XLB implied volatility and IV rank
XLB implied volatility patterns reflect the sector etf sector dynamics.
Earnings impact
IV typically expands before earnings and contracts after the announcement.
The post-earnings volatility drop is known as IV crush. Holders of short XLB options should also understand early assignment risk around dividends and expiration.
Historical volatility vs IV
XLB IV generally trades near historical volatility, with premiums expanding around earnings.
Term structure
Typically upward sloping under normal conditions.
The smile, the term structure and the cone for XLB, on today's chain.
Open the Volatility LabXLB gamma exposure (GEX)
Gamma Exposure analysis for XLB reveals dealer hedging dynamics at key strike levels.
- Typical GEX profile. XLB tends to operate in a positive gamma environment during normal conditions.
- Key levels.
- Dealer hedging.
Where the gamma sits on XLB right now, strike by strike.
See live XLB GEXCommon XLB options strategies
These are strategies commonly used by traders on XLB options, based on typical market characteristics. This is not investment advice.
Key considerations for XLB options
- Monitor XLB earnings dates for IV expansion/contraction patterns
- Consider the stock's beta when sizing options positions
- XLB options liquidity varies by expiration - prefer near-term and monthly expirations
XLB key events
Earnings months. January, April, July, October
- Written by
- ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use. - Reviewed by
- Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.
Revised as market conditions and institutional data change. Last revised 2026-09-01. How we research →
Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.
No account needed. Unsubscribe any time.
Questions
Frequently asked
about XLB options.
What is XLB's typical implied volatility?
XLB implied volatility typically ranges from 12% - 32%. IV patterns are influenced by earnings, sector events, and market conditions.
Does XLB have weekly options?
Yes, XLB offers weekly options expirations.
What is XLB's options trading profile?
XLB (Materials Select Sector SPDR) options trade with excellent liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 12% - 32% range. The position sits in the ETF category for portfolio diversification and options strategy design.
How does XLB implied volatility behave around earnings?
IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.
What options strategies work well on XLB?
Popular strategies on XLB options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 12% - 32% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.
What is XLB's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence XLB's intraday price action. XLB tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live XLB GEX levels and the gamma-flip point on ApexVol.
What is XLB's IV rank?
XLB's IV rank shows where XLB's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. XLB implied volatility typically ranges from 12% - 32%. Check XLB's live IV rank and percentile on ApexVol's IV analytics.
Keep reading
Where XLB
gets priced.
XLB analytics
Run it, do not just read it
Reference data reads well.
Live data trades better.
Everything on this page is the shape of XLB options. The Terminal shows you today's chain, its Greeks, the gamma profile and the flow tape as they move. Run every module on AAPL without an account.
Real market data, not a sandbox. See it live on AAPL.