Xcel Energy (XEL) Options Chain

NASDAQ: XELUtilitiesPower GenerationUSD

73.78+0.415 (+0.57%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $73.78
Put/call ratio (OI): 5.09
Put/call ratio (volume): 1.01
ATM implied volatility: 29.3%
Expected move: ±$7.15
Open interest (C / P): 4.49K / 22.82K

XEL options summary

The XEL options chain for the November 20, 2026 expiration lists 12 call and 11 put contracts, with 40 days until expiration. Open interest stands at 4,485 calls and 22,816 puts, a put/call ratio of 5.09, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $75.00 strike is 29.3%, which implies the market expects a move of about ±$7.15 (9.7%) in Xcel Energy stock by expiration.

The most open interest sits at the $75.00 call (1.80K contracts) and the $65.00 put (11.44K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

XEL options chain · November 20, 2026

XEL calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	40.00	0.00	0.20	0.15	86.7%	10	32
—	—	—	—	—	—	45.00	0.00	0.40	0.05	80.3%	11	46
0	1	—	29.50	0.00	0.00	50.00	0.00	0.25	0.12	60.2%	6	94
—	—	—	—	—	—	55.00	0.00	0.75	0.31	58.8%	32	19
11	1	76.6%	13.35	12.20	15.80	60.00	0.10	0.60	0.60	50.4%	1	2,213
8	2	67.7%	9.41	7.50	11.60	65.00	0.50	0.75	0.65	38.1%	63	11,440
475	1	39.8%	4.87	5.00	6.00	70.00	1.00	1.35	1.40	29.7%	44	4,692
XEL $73.78
1,797	21	28.9%	2.05	2.00	2.30	75.00	2.85	3.60	3.50	29.6%	1	4,278
1,204	12	26.9%	0.60	0.20	0.70	80.00	0.00	0.00	3.70	—	1	0
697	100	32.7%	0.15	0.10	0.40	85.00	9.90	13.30	10.50	57.8%	1	1
190	1	49.3%	0.05	0.00	0.75	90.00	8.40	12.50	12.10	—	—	1
32	1	54.4%	0.05	0.00	1.15	95.00	—	—	—	—	—	—
16	28	62.3%	0.25	0.00	1.15	100.00	—	—	—	—	—	—
5	1	68.8%	0.05	0.00	1.10	105.00	—	—	—	—	—	—
50	—	66.4%	0.20	0.00	0.35	115.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the XEL put/call ratio?

For the November 20, 2026 expiration, the XEL put/call ratio based on open interest is 5.09 (22,816 puts vs 4,485 calls), and 1.01 based on today's volume. A ratio above 1 means more puts than calls.

What is XEL's implied volatility?

At-the-money implied volatility for XEL options expiring November 20, 2026 is about 29.3%, an annualized estimate of how much the market expects Xcel Energy stock to move.

How many XEL option expiration dates are there?

XEL has 10 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.