SPDR S&P Homebuilders ETF (XHB)

XHB trades at $112.15, pinned near the near-term max pain of $112 expiring Oct 10, 2025 (4 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($65-$116), reflecting growing call interest at higher strikes. Key magnetic zone at 111 where 2 expirations converge.

Max pain for XHB shows an upward trend from 65 to 116, suggesting bullish positioning in longer-dated options. The 48% spread signals divergent expectations across timeframes. Most levels below 112.15 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.