What is the XBI Options Chain?
The XBI options chain displays all available call and put option contracts for the SPDR S&P Biotech ETF (XBI), an equal-weight fund tracking the S&P Biotechnology Select Industry Index. Unlike market-cap-weighted biotech ETFs, XBI gives equal weight to each holding, so smaller biotechs have a larger impact on performance. XBI options offer sector exposure with high volatility. Our free XBI options chain viewer provides real-time data including bid/ask quotes, last trade price, volume, open interest, implied volatility, and the full suite of Greeks (Delta, Gamma, Theta, Vega) for every contract.
Why Use Our XBI Options Chain Viewer?
XBI options are popular for trading biotech sector moves driven by FDA approvals, clinical trial results, and M&A. The equal-weight structure means single-stock binary events (trial data, approvals) can meaningfully move the ETF. XBI tends to be more volatile than market-cap-weighted biotech funds, creating opportunities for directional and volatility strategies.
XBI Calls & Puts Side-by-Side
View XBI calls and puts in a traditional options chain layout, grouped by expiration date with the strike price as the center column for easy comparison.
Powerful Filters
Filter XBI options by expiration date, strike price range, and contract type (calls only, puts only, or both) to quickly find the contracts that match your strategy.
Near Real-Time XBI Data
XBI options data auto-refreshes every 30 seconds so you always see current bid/ask spreads, volume, and implied volatility without manually reloading.
Full Greeks & IV for XBI
Every XBI contract displays Delta, Gamma, Theta, Vega, and implied volatility — essential metrics for evaluating risk and pricing efficiency.
XBI Options Trading Tips
XBI moves on FDA calendar events and clinical trial readouts — check the PDUFA and catalyst calendar for upcoming binary events.
M&A in biotech often lifts the sector; XBI can rally on deal announcements from component names.
IV tends to spike ahead of major FDA decisions and trial data; consider selling premium when IV is elevated.
XBI underperforms in risk-off environments; puts or put spreads can hedge biotech exposure during market stress.
How to Use the XBI Options Chain
- 1
View the XBI Chain
The XBI options chain loads automatically when you visit this page. All available expirations and strikes are displayed with real-time data.
- 2
Filter by Expiration & Strike
Use the expiration date dropdown and strike price range inputs to narrow down the XBI chain to the contracts you care about.
- 3
Analyze Quotes & Greeks
Review bid/ask spreads, volume, open interest, IV, and Greeks for each XBI contract. The data refreshes automatically every 30 seconds.