XLB $49.44 balanced levels as of 2026-10-12 · 16:28 ET (after hours)

$XLB

Materials Select Sector SPDR · Materials ETF

▲ +0.01   (+0.02%)
Snapshot $49.44 · -0.7% below flip · balanced 2026-10-12 · 16:28 ET (after hours)

The Levels

Put Wall $45 held 7 sessions
Gamma Flip $50 -0.7% from flip — on the edge
Call Wall $50 held 12 sessions · 0.618 fib confluence
spot $49.44

Regime balanced · no clear edge from positioning.

Each wall is the strike carrying the heaviest open interest within 15% of price, call above as resistance, put below as support, pooled across all listed expirations. It is a structural positioning level, not a single expiry pin. Max pain is tracked separately.

The Read

Next session: balanced gamma. XLB tends to range between $45 and $50 without a catalyst.

Where the market is positioned


Talk to the oracle

Ask Nĩr about $XLB.

Free. No login. Real dealer positioning on $XLB, with scored outcomes and historical backtests.

IV percentile · 1y 29 · premium quiet Put / call · OI · all expiries 0.70 · calls-heavy

Plays at the Walls

Covered Call

$51 · Nov 13

13%/yr annualized

Cash-Secured Put

$48 · Nov 20

13%/yr annualized

Not investment advice · Informational only


How our calls on $XLB have played out

Over the last 21 sessions · n=28

28 Walls Called
15 Held 100% 3 pinned · 12 rejected
0 Broke 0%
13 Untested

$50 call wall

held 7 sessions running


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Scored Levels


Implied vs Measured


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