SPXN - ProShares - S&P 500 Ex-Financials ETF
Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index. The index and fund seek to provide exposure to the companies of the S&P 500 Index (the S&P 500) with the exception of those companies included in the Financials and Real Estate Sectors.
As of May 15, 2026: spot at $81.94, ATM IV 53.6%, net GEX $0.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $77.3M
- Beta
- 1.02
- 52-Week Range
- 61.746-82.22
- Dividend Yield
- $0.73
- IPO Date
- Sep 24, 2015
- Exchange
- AMEX
What SPXN Looks Like to Options Traders Today
IV rank of 32.0% sits near the 1-year median, where strategy choice depends on directional conviction and the event calendar rather than vol regime alone; positive net gamma exposure ($0) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.152) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The SPXN overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked SPXN overview questions
- What is SPXN?
- SPXN is the ticker symbol for ProShares - S&P 500 Ex-Financials ETF, an listed exchange-traded fund. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index. The index and fund seek to provide exposure to the companies of the S&P 500 Index (the S&P 500) with the exception of those companies included in the Financials and Real Estate Sectors. Listed on AMEX. SPXN is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the SPXN options snapshot look like today?
- As of May 15, 2026, the SPXN options snapshot shows spot at $81.94, ATM IV 53.6%, IV rank 32.0%, net GEX $0, expected move 15.37%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are SPXN's key statistics?
- ProShares - S&P 500 Ex-Financials ETF (SPXN) carries a market capitalization of $77.3M, 52-week range of 61.746-82.22. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does SPXN belong to?
- ProShares - S&P 500 Ex-Financials ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare SPXN's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the SPXN data on this page?
- The options snapshot above is dated May 15, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.