State Street Real Estate Select Sector SPDR ETF (XLRE · ETF)
Overview · Option chain · Volatility · Expected-move history
Cboe delayed options data · as of 18:45 UTC · Figures derived from the full chain (220 contracts, 5 expirations) · IV own-history percentile appears after 60 recorded days (28 so far)
Expected move · Nov 20, 2026 (32 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±3.4% (range 40.28–43.09) by Nov 20, 2026. ATM straddle: 1.40 @ strike 42 · ATM IV: 13.9%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 37.52 | -10% | 99.4% | 0.6% |
| 39.60 | -5% | 89.0% | 11.0% |
| 41.69 | +0% | 49.1% | 50.9% |
| 43.77 | +5% | 11.4% | 88.6% |
| 45.85 | +10% | 1.0% | 99.0% |
Model-estimated probabilities of finishing above/below each level at expiration: estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Nov 20, 2026 · lognormal model with zero drift: an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Nov 20, 2026 | 32 | ±3.4% | 13.9% | 8,203 |
| Dec 18, 2026 | 60 | ±5.6% | 17.1% | 79 |
| Jan 15, 2027 | 88 | ±6.1% | 15.0% | 21.4K |
| Feb 19, 2027 | 123 | ±7.6% | 15.7% | 2,436 |
Open interest by strike · Nov 20
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 41 C · 1,41640 P · 1,28241 P · 1,28142 P · 1,19842 C · 992
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 15 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 40.0% of the time.
About State Street Real Estate Select Sector SPDR ETF
The State Street Real Estate Select Sector SPDR ETF (XLRE) is an exchange-traded fund designed to mirror the total return, encompassing both price appreciation and income yield, of the Real Estate Select Sector Index, before accounting for its operating expenses. This underlying index comprehensively covers the real estate sector companies within the S&P 500 Index. XLRE provides investors with targeted access to firms primarily involved in real estate management, development, and equity Real Estate Investment Trusts (REITs), specifically excluding those focused on mortgages. Ultimately, this fund offers a precise investment vehicle for those seeking to implement specific strategic or tactical allocations within the real estate market, allowing for a more focused approach compared to broader, style-based investment strategies.
ETF · Asset Management · AMEX · Profile: Financial Modeling Prep
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