ETF ETFs - Sector Reference Data Updated 2026-05-31

XLRE Gamma Exposure, IV Rank & Implied Volatility

Real Estate Select Sector SPDR (XLRE) options data — GEX, IV rank, options chain & Greeks

XLRE 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.

IV Rank 54.8 /100
IV 49.6%
Simulated data for display · open live XLRE on the platform →

An IV rank near 54.8 (the value shown here is illustrative) would mean implied volatility is in roughly the 54.8th percentile of its 1-year range — middle range, neutral on premium selling vs buying. For today's live XLRE IV rank from ORATS, open the dashboard.

IV History (Simulated · Illustrative Only) Range 34.52%79.4%

Chart shows simulated data for display purposes. View the real XLRE IV history on the live platform →

Comprehensive options market data for Real Estate Select Sector SPDR (XLRE).

XLRE Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 12% - 32%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Excellent
IV Range
12% - 32%
Weeklies
Yes

1 About Real Estate Select Sector SPDR (XLRE)

Real Estate Select Sector SPDR (XLRE) 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

Real Estate Select Sector SPDR is a Sector ETF) company in the ETF sector.

2 XLRE Options Market Overview

XLRE 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

XLRE options provide trading opportunities across multiple expirations.

3 XLRE Implied Volatility & IV Rank

XLRE implied volatility patterns reflect the sector etf sector dynamics.

Low IV Environment
12% - 17%
Below average volatility
Typical IV Range
17% - 27%
Normal conditions
Elevated IV
27% - 32%
Above average volatility

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 XLRE options should also understand early assignment risk around dividends and expiration.

Historical Volatility vs IV

XLRE IV generally trades near historical volatility, with premiums expanding around earnings.

Term Structure

Typically upward sloping under normal conditions.

View XLRE Volatility Lab

XLRE Gamma Exposure (GEX)

Gamma Exposure analysis for XLRE reveals dealer hedging dynamics at key strike levels.

Typical GEX Profile: XLRE tends to operate in a positive gamma environment during normal conditions.

Key Levels:

Dealer Hedging:

View Live XLRE GEX

4 Common XLRE Options Strategies

These are strategies commonly used by traders on XLRE options, based on typical market characteristics. This is not investment advice.

Popular for XLRE shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on XLRE.

Range-bound strategy for XLRE between events.

Key Considerations for XLRE Options

  • Monitor XLRE earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing options positions
  • XLRE options liquidity varies by expiration - prefer near-term and monthly expirations

Frequently Asked Questions: XLRE Options

What is XLRE's typical implied volatility?

XLRE implied volatility typically ranges from 12% - 32%. IV patterns are influenced by earnings, sector events, and market conditions.

Does XLRE have weekly options?

Yes, XLRE offers weekly options expirations.

What is XLRE's options trading profile?

XLRE (Real Estate 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 XLRE 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 XLRE?

Popular strategies on XLRE 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 XLRE's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence XLRE's intraday price action. XLRE 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 XLRE GEX levels and the gamma-flip point on ApexVol.

What is XLRE's IV rank?

XLRE's IV rank shows where XLRE'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. XLRE implied volatility typically ranges from 12% - 32%. Check XLRE's live IV rank and percentile on ApexVol's IV analytics.

XLRE Key Events

Earnings Months
January April July October

Related Tickers

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Written by
ApexVol Research Team
Quantitative options research
All calculations use live ORATS institutional data — the same source used by professional volatility desks.
RS
Technical reviewer
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy
10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.
This guide is updated as market conditions and ORATS data change. Last revised 2026-05-31. How we research →

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