**Investors in the Select Sector SPDR Trust – State Street Industrial Select Sector SPDR ETF (XLI) have access to new options for March 2027, with notable contracts introduced today.** The put contract at the $160.00 strike price has a current bid of $9.75, enabling sellers to potentially set their cost basis at $150.25, compared to XLI’s current trading price of $166.55. This represents a 4% discount, with a 66% chance that the contract could expire worthless.
Additionally, a call contract at the $170.00 strike price is available with a current bid of $12.75. If executed, investors could achieve a total return of 9.73% if shares are called away by expiration. This strike price is approximately 2% above the current price of $166.55, with a 45% chance of the contract expiring worthless, allowing investors to retain both their shares and premium. The implied volatility for the put contract stands at 25%, while for the call, it is 21%.
