XLE Options Are Pricing a $1.85 Move Into August 14 — Positioning Says Up, the Chart Says Down

State Street's Energy Select Sector SPDR ETF — ticker XLE — closed Friday at $57.49, and as of August 8, 2026, the options market is leaning bullish on it. Here's the trade: options pricing implies XLE stays inside a $55.64 to $59.34 range through the August 14 expiration. That's the honest width of the next six trading days, according to the market itself. But here's the catch, and I want you to…

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