XEL options flow: unusual options activity in Xcel Energy Inc.

Updated 28 September 2026, 09:54 ET

Over the last week the tape recorded 16 unusual options prints in Xcel Energy Inc. (XEL), $1.9M of tracked premium, leaning bearish. Bullish premium was $372K against $938K bearish; $221K went into calls and $1.7M into puts, a put call ratio of 7.77. The largest print was $650K of XEL 20 Nov 2026 $70 puts on 24 September 2026, executed at ask. The last session with prints, 25 September 2026, added 4 prints and $461K of premium. XEL closed at $69.80 on 25 September 2026, up 0.3%.

This week's unusual flow

Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.

Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.

Largest prints of the week

Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.

Where the money is aimed

The most premium, $853K, is aimed at the 20 Nov 2026 expiry; the nearest expiry with unusual prints is 16 Oct 2026.

A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.

The last session, 25 September 2026

Every print in XEL with its full detail, the live tape, one tap filters and saved screeners: open XEL in Options Sentiment Screener.

Price

The live quote and the price chart sit beside the ticker's flow in the app: open XEL in Options Sentiment Screener.

Analysts

The most recent analyst targets on file, from 9 firms, have a median of $91, 30.4% above the last close.

Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.

About Xcel Energy Inc.

Exchange

Nasdaq

Sector

Utilities

Industry

Utilities

Headquarters

Minneapolis, Minnesota

Website

xcelenergy.com

Xcel Energy generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources. The company sells electricity to approximately 3.7 million customers; and natural gas to approximately 2.1 million customers. It serves residential, commercial, and industrial customers in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin.

In the same sector

Flow pages for other Utilities names in the S&P 500:

NEE NextEra Energy Inc.SO Southern Co.CEG Constellation Energy Corp.DUK Duke Energy CORPAEP American Electric Power Co. Inc.D Dominion Energy, Inc.SRE SempraETR Entergy Corp.

Learn

• What unusual options activity means
• Reading one ticker's flow
• Sweeps, blocks and where a trade printed
• Size versus open interest
• Bullish or bearish, how a print's sentiment is inferred
• The conviction score and whale prints