State Street Consumer Discretionary Select Sector SPDR ETF (XLY · ETF)
Overview · Option chain · Volatility · Expected-move history
Cboe delayed options data · as of 15:39 UTC · Figures derived from the full chain (1,396 contracts, 13 expirations) · IV own-history percentile appears after 60 recorded days (3 so far)
Expected move — Sep 18, 2026 (15 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 ±2.9% (range 112.69–119.44) by Sep 18, 2026. ATM straddle: 3.38 @ strike 116 · ATM IV: 17.6%.
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) |
|---|---|---|---|
| 104.45 | -10% | 99.8% | 0.2% |
| 110.26 | -5% | 92.2% | 7.8% |
| 116.06 | +0% | 49.3% | 50.7% |
| 121.86 | +5% | 8.3% | 91.7% |
| 127.67 | +10% | 0.4% | 99.6% |
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: Sep 18, 2026 · lognormal model, 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. |
|---|---|---|---|---|
| Sep 04, 2026 | 1 | ±1.4% | 29.1% | 1,125 |
| Sep 11, 2026 | 8 | ±2.0% | 16.9% | 349 |
| Sep 18, 2026 | 15 | ±2.9% | 17.6% | 218.8K |
| Sep 25, 2026 | 22 | ±3.5% | 17.4% | 250 |
| Oct 02, 2026 | 29 | ±4.1% | 18.0% | 149 |
| Oct 09, 2026 | 36 | ±4.6% | 18.2% | 4 |
| Oct 16, 2026 | 43 | ±5.1% | 18.3% | 25.5K |
| Oct 23, 2026 | 50 | ±5.6% | 18.7% | 0 |
| Dec 18, 2026 | 106 | ±8.6% | 19.7% | 167.2K |
| Jan 15, 2027 | 134 | ±9.9% | 20.2% | 94.9K |
| Mar 19, 2027 | 197 | ±12.3% | 20.8% | 29.8K |
Open interest by strike — Sep 18
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): 102.5 P · 40.4K110 P · 40.3K107.5 P · 29.9K120 C · 13.9K116 P · 13.5K
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
Track record
Full history →Every trading day we record what the options market is pricing for each expiration — before the outcome is known. Once expirations start resolving, this section compares expected versus actual, and the record is never rewritten. Recording since Aug 31, 2026.
About State Street Consumer Discretionary Select Sector SPDR ETF
The Select Sector SPDR Trust - State Street Consumer Discretionary Select Sector SPDR ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across consumer discretionary sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the Consumer Discretionary Select Sector Index, by using full replication technique. The Select Sector SPDR Trust - State Street Consumer Discretionary Select Sector SPDR ETF was formed on December 16, 1998 and is domiciled in the United States.
ETF · Asset Management · AMEX · Profile: Financial Modeling Prep
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