State Street Industrial Select Sector SPDR ETF (XLI) Volatility Skew

Implied volatility skew shows how IV varies across strike prices for a given expiration. Steeper skews indicate higher demand for downside protection relative to upside speculation.

Snapshot as of Apr 21, 2026.

Spot Price

$171.15

ATM IV

23.2%

IV Skew 25Δ

0.05

As of Apr 21, 2026, State Street Industrial Select Sector SPDR ETF (XLI) at-the-money implied volatility is 23.2%. The 25-delta skew is +0.048 — calls carry premium over puts, indicating upside speculation or squeeze risk. High IV rank typically favors premium-selling strategies; low IV rank favors premium-buying.