XLI — Cash-Secured Put & Wheel Strategy Analysis

Q: Is XLI a good wheel strategy stock right now?

XLI is trading at $182.66 with an ATR of $2.92. XLI is trading above all four key moving averages (50/100/150/200-day) — a strong uptrend.

Q: Should I close my XLI CSP before earnings?

Most wheel strategy traders close or roll CSPs 1–2 days before earnings because implied volatility typically collapses after the announcement (IV crush). The premium you collected is largely an upfront payment for accepting that volatility risk. Holding through earnings exposes you to gap risk: even if your strike isn't breached, the IV drop alone can wipe out most of the premium you collected.

XLI wheel strategy & cash-secured put scanner. XLI is currently trading at $182.66 and trading above all four key moving averages (50/100/150/200-day) — a strong uptrend. This page shows the live XLI options chain across 3 expirations (2026-07-24 through 2026-08-07, DTE 1–15 days), optimized for cash-secured put and wheel strategy candidates.

Highlight criteria: Yield% ≥ 50% | Buffer% ≥ 15% | ATR/Dist ≥ 2.5

2026-07-24

DTE 1 | Trading days: 1

Strike	Mid	Bid	ATR/Dist	Buffer%	Yield%	Premium
150.00	32.55	30.05	11.17	17.9%	7920.5%	32.55
155.00	27.55	25.05	9.46	15.1%	6487.6%	27.55
157.00	25.55	23.05	8.78	14.0%	5940.0%	25.55
157.50	25.05	22.55	8.61	13.8%	5805.2%	25.05
158.00	24.55	22.05	8.43	13.5%	5671.4%	24.55
159.00	23.55	21.05	8.09	13.0%	5406.1%	23.55
160.00	22.55	20.05	7.75	12.4%	5144.2%	22.55
161.00	21.50	19.00	7.41	11.9%	4874.2%	21.50
162.00	20.60	18.15	7.07	11.3%	4641.4%	20.60
162.50	19.50	17.05	6.9	11.0%	4380.0%	19.50
163.00	19.25	16.80	6.72	10.8%	4310.6%	19.25
165.00	14.85	12.50	6.04	9.7%	3285.0%	14.85
166.00	16.10	13.65	5.7	9.1%	3540.1%	16.10
167.00	15.30	12.85	5.36	8.6%	3344.0%	15.30
167.50	14.75	12.30	5.19	8.3%	3214.2%	14.75
168.00	13.65	11.20	5.01	8.0%	2965.6%	13.65
170.00	12.40	9.95	4.33	6.9%	2662.4%	12.40
171.00	11.05	8.60	3.99	6.4%	2358.6%	11.05
172.00	10.52	8.10	3.65	5.8%	2232.4%	10.52
172.50	9.85	7.40	3.48	5.6%	2084.2%	9.85
173.00	6.65	6.05	3.3	5.3%	1403.0%	6.65
174.00	8.30	5.85	2.96	4.7%	1741.1%	8.30
175.00	8.00	5.55	2.62	4.2%	1668.6%	8.00
176.00	6.30	3.85	2.28	3.6%	1306.5%	6.30
177.00	4.16	1.81	1.94	3.1%	857.9%	4.16
177.50	5.50	3.05	1.76	2.8%	1131.0%	5.50
178.00	4.73	2.26	1.59	2.6%	969.9%	4.73
179.00	3.78	1.31	1.25	2.0%	770.8%	3.78
180.00	2.98	0.51	0.91	1.5%	604.3%	2.98
181.00	2.53	0.06	0.57	0.9%	510.2%	2.53
185.00	2.48	0.01	-0.8	-1.3%	489.3%	2.48
186.00	3.43	0.96	-1.14	-1.8%	673.1%	3.43
189.00	5.70	3.25	-2.17	-3.5%	1100.8%	5.70
190.00	7.15	4.70	-2.51	-4.0%	1373.6%	7.15

2026-07-31

DTE 8 | Trading days: 6

Strike	Mid	Bid	ATR/Dist	Buffer%	Yield%	Premium
125.00	57.70	55.20	19.72	31.6%	2106.1%	57.70
150.00	32.60	30.10	11.17	17.9%	991.6%	32.60
160.00	22.58	20.10	7.75	12.4%	643.9%	22.58
162.00	20.50	18.05	7.07	11.3%	577.4%	20.50
167.50	15.38	13.05	5.19	8.3%	418.9%	15.38
168.00	14.98	12.55	5.01	8.0%	406.8%	14.98
170.00	13.00	10.55	4.33	6.9%	348.9%	13.00
172.00	11.00	8.55	3.65	5.8%	291.8%	11.00
172.50	10.10	7.65	3.48	5.6%	267.1%	10.10
174.00	9.00	6.55	2.96	4.7%	236.0%	9.00
175.00	7.80	5.35	2.62	4.2%	203.4%	7.80
176.00	6.20	3.75	2.28	3.6%	160.7%	6.20
177.00	5.90	3.45	1.94	3.1%	152.1%	5.90
177.50	5.52	3.10	1.76	2.8%	141.9%	5.52
178.00	5.23	2.76	1.59	2.6%	134.1%	5.23
179.00	4.28	1.81	1.25	2.0%	109.1%	4.28
180.00	3.80	1.36	0.91	1.5%	96.3%	3.80
181.00	3.08	0.61	0.57	0.9%	77.6%	3.08
182.50	2.48	0.01	0.05	0.1%	62.0%	2.48
187.50	1.72	0.05	-1.66	-2.6%	41.9%	1.72
172.00	2.50	0.05	3.65	5.8%	66.3%	2.50
173.00	2.50	0.01	3.3	5.3%	65.9%	2.50
176.00	1.46	0.12	2.28	3.6%	37.8%	1.46
177.00	1.50	0.13	1.94	3.1%	38.7%	1.50
181.00	2.42	0.10	0.57	0.9%	61.0%	2.42
182.00	2.75	0.55	0.23	0.4%	68.9%	2.75
182.50	2.50	0.05	0.05	0.1%	62.5%	2.50
183.00	2.50	0.05	-0.12	-0.2%	62.3%	2.50
184.00	2.53	0.06	-0.46	-0.7%	62.7%	2.53
185.00	3.23	0.76	-0.8	-1.3%	79.7%	3.23
186.00	4.18	1.71	-1.14	-1.8%	102.5%	4.18
187.00	4.93	2.46	-1.48	-2.4%	120.3%	4.93
189.00	6.15	3.70	-2.17	-3.5%	148.5%	6.15
190.00	6.75	4.30	-2.51	-4.0%	162.1%	6.75
192.00	8.70	6.25	-3.19	-5.1%	206.7%	8.70

2026-08-07

DTE 15 | Trading days: 11

Strike	Mid	Bid	ATR/Dist	Buffer%	Yield%	Premium
150.00	33.00	30.50	11.17	17.9%	535.3%	33.00
167.50	15.52	13.10	5.19	8.3%	225.5%	15.52
169.00	13.95	11.50	4.67	7.5%	200.9%	13.95
170.00	13.28	11.05	4.33	6.9%	190.1%	13.28
172.50	11.00	8.55	3.48	5.6%	155.2%	11.00
176.00	7.05	4.60	2.28	3.6%	97.5%	7.05
177.00	6.50	4.05	1.94	3.1%	89.4%	6.50
177.50	6.28	3.80	1.76	2.8%	86.1%	6.28
178.00	5.95	3.50	1.59	2.6%	81.3%	5.95
179.00	5.43	2.96	1.25	2.0%	73.8%	5.43
180.00	4.88	2.41	0.91	1.5%	66.0%	4.88
181.00	4.08	1.61	0.57	0.9%	54.9%	4.08
182.00	3.48	1.01	0.23	0.4%	46.5%	3.48
182.50	3.22	0.75	0.05	0.1%	42.9%	3.22
183.00	2.55	0.15	-0.12	-0.2%	33.9%	2.55
184.00	2.50	0.05	-0.46	-0.7%	33.1%	2.50
185.00	2.48	0.01	-0.8	-1.3%	32.6%	2.48
187.00	2.52	0.10	-1.48	-2.4%	32.8%	2.52
189.00	2.58	0.20	-2.17	-3.5%	33.2%	2.58
190.00	0.89	0.15	-2.51	-4.0%	11.4%	0.89
160.00	2.48	0.01	7.75	12.4%	37.7%	2.48
165.00	1.26	0.09	6.04	9.7%	18.6%	1.26
170.00	2.60	0.26	4.33	6.9%	37.2%	2.60
175.00	2.48	0.01	2.62	4.2%	34.5%	2.48
182.00	2.48	0.01	0.23	0.4%	33.2%	2.48
182.50	2.48	0.01	0.05	0.1%	33.1%	2.48
183.00	3.36	0.91	-0.12	-0.2%	44.7%	3.36
184.00	3.43	0.96	-0.46	-0.7%	45.4%	3.43
185.00	3.98	1.51	-0.8	-1.3%	52.3%	3.98
186.00	4.48	2.01	-1.14	-1.8%	58.6%	4.48
188.00	5.68	3.25	-1.83	-2.9%	73.5%	5.68
189.00	6.25	3.80	-2.17	-3.5%	80.5%	6.25
190.00	7.10	4.65	-2.51	-4.0%	90.9%	7.10

XLI — Cash-Secured Put & Wheel Strategy FAQ

What is the best XLI cash-secured put strike today?

OptionSpeed's scanner highlights XLI strikes that meet our three filters: annualized yield ≥ 50%, downside buffer ≥ 15%, and ATR/Distance ratio ≥ 2.5. Stars on this page mark strikes currently in our Super Stocks cache. As of this snapshot, the highest-yielding CSP candidate on XLI is the $185.00 strike at 489.3% annualized.

Is XLI a good wheel strategy stock right now?

XLI is trading at $182.66 with an ATR of $2.92. XLI is trading above all four key moving averages (50/100/150/200-day) — a strong uptrend.

How much capital do I need to sell a XLI cash-secured put?

Cash-secured puts require you to hold enough cash to buy 100 shares at the strike price if assigned. For a $185.00 strike on XLI, you need $18,500 in cash per contract. Strikes closer to the current $182.66 price require more capital but offer higher premiums and lower assignment probability.

What does the wheel strategy look like on XLI?

The wheel on XLI follows three steps: (1) sell a CSP at a strike you'd be comfortable owning XLI at; (2) if assigned, you own 100 shares at the strike price; (3) sell covered calls against those shares to collect premium while waiting for the call to expire worthless or the stock to be called away. OptionSpeed tracks every step so you can see your rolling premium and realized P&L.

Should I close my XLI CSP before earnings?

Most wheel traders close or roll CSPs 1–2 days before earnings because implied volatility typically collapses after the announcement (IV crush). The premium you collected is largely an upfront payment for accepting that volatility risk. Holding through earnings exposes you to gap risk — even if your strike isn't breached, the IV drop alone can wipe out most of your collected premium.

What's a good buffer percentage for XLI puts?

Buffer percentage measures how far the strike is below the current stock price. For XLI at $182.66, a strike at $169.00 gives the largest downside buffer in our current chain. OptionSpeed flags strikes with ≥15% buffer as wheel-quality candidates. Lower buffer = higher premium but higher assignment probability.