Financial Select Sector S... (XLF)
Financial Select Sector SPDR Fund Max Pain By Strike
XLF trades at $53.68, 5.3% above the near-term max pain of $51 expiring Sep 19, 2025 (4 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($45-$55), indicating stable market expectations. Key magnetic zone at 52 where 4 expirations converge.
Financial Select Sector SPDR Fund Max Pain By Expiry
Max pain for XLF shows stable levels around 51.48, reflecting balanced market expectations. The 19% spread signals divergent expectations across timeframes. Most levels below 53.68 may cap rallies. Strong magnetic level at 52 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 51 | -2.68 (-4.99%) |
| Sep 26, 2025 | 53.5 | -0.18 (-0.34%) |
| Sep 30, 2025 | 52 | -1.68 (-3.13%) |
| Oct 3, 2025 | 53.5 | -0.18 (-0.34%) |
| Oct 10, 2025 | 53.5 | -0.18 (-0.34%) |
| Oct 17, 2025 | 52 | -1.68 (-3.13%) |
| Oct 24, 2025 | 52.5 | -1.18 (-2.20%) |
| Oct 31, 2025 | 52.5 | -1.18 (-2.20%) |
| Nov 21, 2025 | 53 | -0.68 (-1.27%) |
| Dec 19, 2025 | 51 | -2.68 (-4.99%) |
| Dec 31, 2025 | 47 | -6.68 (-12.44%) |
| Jan 16, 2026 | 51 | -2.68 (-4.99%) |
| Mar 20, 2026 | 52 | -1.68 (-3.13%) |
| Mar 31, 2026 | 50 | -3.68 (-6.86%) |
| Jun 18, 2026 | 52 | -1.68 (-3.13%) |
| Jun 30, 2026 | 55 | 1.32 (2.46%) |
| Sep 18, 2026 | 55 | 1.32 (2.46%) |
| Dec 18, 2026 | 45 | -8.68 (-16.17%) |
| Jan 15, 2027 | 50 | -3.68 (-6.86%) |
| Dec 17, 2027 | 48 | -5.68 (-10.58%) |