State Street SPDR S&P Aerospace & Defense ETF (XAR) Options Chain

The options chain displays all available contracts with real-time quotes, Greeks, volume, and open interest for each strike and expiration. It is the primary tool for options trade selection.

State Street SPDR S&P Aerospace & Defense ETF (XAR) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $4.55B, listed on AMEX, carrying a beta of 1.26 to the broader market. The State Street SPDR S&P Aerospace & Defense ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Aerospace & Defense Select Industry Index (the "Index")Seeks to provide exposure to the Aerospace & Defense segment of the S&P TMI, which comprises the following sub-industries: Aerospace & DefenseSeeks to track a modified equal weighted index which provides the potential for unconcentrated industry exposure across large, mid and small cap stocksAllows investors to take strategic or tactical positions at a more targeted level than traditional sector based investing public since 2011-09-29.

Snapshot as of May 15, 2026.

Spot Price
$261.37
Total OI
1.5K
Total Volume
49
Front Expiration
34 days
Second Expiration
63 days
ATM IV
30.3%
Avg Bid/Ask Spread
46.50%

As of May 15, 2026, State Street SPDR S&P Aerospace & Defense ETF (XAR) has 1.5K open contracts and 49 contracts traded. The nearest expiration is 34 days out, followed by 63 days. ATM implied volatility is 30.3%. Average bid/ask spread across the chain is 46.50%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.

How XAR options chain Data Feeds Strategy Selection

Strategy selection on State Street SPDR S&P Aerospace & Defense ETF options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 30.3% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

Learn how the options chain is reported and how to read the data →

Frequently asked XAR options chain questions

What does the XAR options chain show right now?
As of May 15, 2026, State Street SPDR S&P Aerospace & Defense ETF (XAR) has 1.5K contracts outstanding and 49 traded today, with ATM IV of 30.3%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.
What expirations are available for XAR options?
The nearest expiration is 34 days out, followed by 63 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.
How tight are XAR options bid/ask spreads?
Average bid/ask spread across the chain is 46.50%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.