(XES)
Max Pain By Strike
XES trades at $68.58, 3.9% above the near-term max pain of $66 expiring Sep 19, 2025 (23 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($55-$99), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for XES shows a downward trend from 99 to 55, indicating bearish sentiment or hedging activity. The 62% spread signals divergent expectations across timeframes. Most levels below 68.58 may cap rallies. 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 | 66 | -2.58 (-3.76%) |
| Oct 17, 2025 | 65 | -3.58 (-5.22%) |
| Dec 19, 2025 | 68 | -0.58 (-0.85%) |
| Mar 20, 2026 | 55 | -13.58 (-19.80%) |
| Dec 18, 2026 | 99 | 30.42 (44.36%) |