(XBI)
Max Pain By Strike
XBI trades at $95.5, 2.7% above the near-term max pain of $93 expiring Sep 12, 2025 (6 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($50-$95), signaling increased put positioning or downside protection. Key magnetic zone at 90 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for XBI shows a downward trend from 95 to 50, indicating bearish sentiment or hedging activity. The 52% spread signals divergent expectations across timeframes. Most levels below 95.5 may cap rallies. Strong magnetic level at 90 (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 12, 2025 | 93 | -2.50 (-2.61%) |
| Sep 19, 2025 | 88 | -7.50 (-7.85%) |
| Sep 26, 2025 | 88 | -7.50 (-7.85%) |
| Oct 3, 2025 | 92 | -3.50 (-3.66%) |
| Oct 10, 2025 | 95 | -0.50 (-0.52%) |
| Oct 17, 2025 | 90 | -5.50 (-5.75%) |
| Oct 24, 2025 | 50 | -45.50 (-47.64%) |
| Nov 21, 2025 | 90 | -5.50 (-5.75%) |
| Dec 19, 2025 | 90 | -5.50 (-5.75%) |
| Jan 16, 2026 | 92 | -3.50 (-3.66%) |
| Feb 20, 2026 | 89 | -6.50 (-6.80%) |
| Mar 20, 2026 | 90 | -5.50 (-5.75%) |
| Jun 18, 2026 | 85 | -10.50 (-10.99%) |
| Dec 18, 2026 | 92 | -3.50 (-3.66%) |
| Jan 15, 2027 | 87 | -8.50 (-8.90%) |
| Dec 17, 2027 | 85 | -10.50 (-10.99%) |