Xcel Energy Inc. (XEL)

XEL trades at $72.39, 11.4% above the near-term max pain of $65 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$70), signaling increased put positioning or downside protection. Key magnetic zone at 70 where 3 expirations converge.

Max pain for XEL shows a downward trend from 70 to 40, indicating bearish sentiment or hedging activity. The 48% spread signals divergent expectations across timeframes. Most levels below 72.39 may cap rallies. Strong magnetic level at 70 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.