XLB gamma max, delta neutral & open interest levels
As of close · rank #213 by open interest · 1,379 sessions of history since Dec 1, 2020
XLB closed 8.1% below its gamma max of 55.06. It is 2.0% below the delta neutral price of 51.97. Total open interest is 518,882, -0.0% versus the previous session. What gamma max means · What delta neutral means
One-year history
Last 252 sessions
| Sessions closed above gamma max | 4% |
| Gamma max crosses | 10 |
| Delta neutral crosses | 31 |
| Open interest percentile (1y) | 46th |
| Open interest change, 5 sessions | +0.4% |
| Open interest change, 21 sessions | +1.2% |
| History available | Dec 1, 2020 → Sep 11, 2026 |
Recent crosses
- closed below delta neutral at 50.76 vs 50.85 (-0.2%)
- closed above delta neutral at 49.72 vs 49.21 (+1.0%)
- closed below delta neutral at 49.04 vs 49.17 (-0.3%)
- closed above delta neutral at 51.75 vs 51.19 (+1.1%)
- closed below delta neutral at 50.41 vs 51.25 (-1.7%)
- closed above delta neutral at 50.47 vs 50.23 (+0.5%)
- closed below delta neutral at 51.94 vs 52.15 (-0.4%)
- closed above delta neutral at 50.50 vs 50.41 (+0.2%)
- closed below delta neutral at 50.00 vs 50.14 (-0.3%)
- closed below gamma max at 50.00 vs 70.00 (-40.0%)
In today's screens
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Neighbours by open interest
Questions people ask about XLB
Where is XLB's gamma max today?
As of Sep 11, 2026, the gamma max for XLB is 55.06, +8.1% from the 50.95 close. Gamma max is the underlying price at which the summed gamma of every open contract is largest; how it is computed and why it matters.
Is XLB above or below its delta neutral price?
XLB closed below delta neutral: 50.95 against a delta neutral price of 51.97. The delta neutral price is where the summed delta of the whole chain is zero; the definition.
How much open interest does XLB have?
518,882 contracts of open interest across 510 listed contracts on Sep 11, 2026, -0.0% versus the previous session. What open interest measures.
Levels are recomputed after every trading day from end-of-day options data licensed from HistoricalOptionData.com; only derived aggregates are published. Methodology · Data and licence · Not investment advice.