XLE Options Imply a $1.75 Move Into Friday — But Price Has Already Run Past Its Biggest Call Strike

State Street's Energy Select Sector SPDR ETF — ticker XLE — closed Friday at $61.91. Heading into August 16, 2026, the options market is calling this one neutral, maybe leaning a touch bearish. The pricing on those contracts says XLE should stay somewhere between $60.16 and $63.67 through the August 21 expiration — call it a plus-or-minus 3% move. And here's the line that flips the whole story: if…

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