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: Dec 18, 2026
Days to expiration: 68
Share price: $73.78
Put/call ratio (OI): 3.30
Put/call ratio (volume): 7.08
ATM implied volatility: 27.3%
Expected move: ±$8.68
Open interest (C / P): 5.74K / 18.96K

XEL options summary

The XEL options chain for the December 18, 2026 expiration lists 14 call and 11 put contracts, with 68 days until expiration. Open interest stands at 5,744 calls and 18,964 puts, a put/call ratio of 3.30, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $75.00 strike is 27.3%, which implies the market expects a move of about ±$8.68 (11.8%) in Xcel Energy stock by expiration.

The most open interest sits at the $80.00 call (2.81K contracts) and the $60.00 put (13.87K contracts).

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

XEL options chain · December 18, 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	0.40	0.10	74.6%	1	14
—	—	—	—	—	—	45.00	0.00	1.35	0.45	79.5%	24	27
—	—	—	—	—	—	50.00	0.00	1.00	0.45	60.8%	1	8
5	—	140.3%	27.80	24.80	28.20	55.00	0.00	0.85	0.60	55.9%	20	1,178
0	8	—	20.95	0.00	0.00	60.00	0.35	0.85	0.60	43.1%	500	13,874
4	16	52.2%	7.30	8.40	11.60	65.00	0.50	1.35	1.32	36.8%	1	2,919
380	3	35.8%	5.20	5.70	6.60	70.00	1.55	1.90	1.90	27.8%	14	429
XEL $73.78
1,963	19	28.5%	2.85	2.60	3.10	75.00	3.30	4.00	4.00	26.0%	1	302
2,812	5	25.9%	1.10	0.70	1.20	80.00	3.90	6.50	3.98	15.3%	2	208
158	17	30.9%	0.32	0.05	0.80	85.00	7.00	10.00	6.90	—	2	5
377	2	34.0%	0.20	0.00	0.50	90.00	—	—	—	—	—	—
17	1	53.3%	0.15	0.00	1.35	95.00	—	—	—	—	—	—
19	6	57.0%	0.85	0.25	2.00	100.00	—	—	—	—	—	—
6	1	65.0%	0.35	0.00	2.50	105.00	22.70	26.10	23.40	—	—	0
1	1	69.9%	0.30	0.00	2.40	110.00	—	—	—	—	—	—
1	1	74.8%	0.25	0.00	2.35	115.00	—	—	—	—	—	—
1	—	89.8%	0.10	0.00	3.70	120.00	—	—	—	—	—	—

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 December 18, 2026 expiration, the XEL put/call ratio based on open interest is 3.30 (18,964 puts vs 5,744 calls), and 7.08 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 December 18, 2026 is about 27.3%, 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.