# XLE — Volatility (IV) · GammaGrid demo

**Gamma weather: Storm.** This chain has no gamma flip within 25% of the price, so only the sign of gamma is known — negative, hedging amplifies moves. *(next 25 days · 8 expiries)*

| Level | Value |
|---|---|
| Price | 62.08 |
| Call wall | 70.00 |
| Put wall | 60.00 |
| Gamma flip | — |
| Net GEX | -108.5 M |

## Implied volatility

Volume-weighted average IV across the chain: **39.8%** at the latest collection, against 29.7% 365 days back at the start of the window (751 collections). The page draws the series and the IV by strike for every expiry.

## About these numbers

Computed by GammaGrid from the XLE options chain — dealer gamma exposure, max pain and the walls are GammaGrid's own arithmetic over open interest; the source data is delayed. Collected 2026-11-09T17:07:22.586034 UTC; this page follows the collection, roughly every fifteen minutes while the market is open.

Other views of XLE: [Overview](https://app.gammagrid.io/demo/t/XLE.md) · [Max Pain / GEX](https://app.gammagrid.io/demo/t/XLE/max-pain.md) · [GEX Heatmap](https://app.gammagrid.io/demo/t/XLE/heatmap.md).

Canonical page: <https://app.gammagrid.io/demo/t/XLE/volatility> · The demo shows the free list only; a GammaGrid account watches any US-listed ticker with options, replays earlier collections and opens every contract: <https://app.gammagrid.io/>