(XHB)
Max Pain By Strike
XHB trades at $115.9, pinned near the near-term max pain of $116 expiring Sep 12, 2025 (2 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($100-$120), indicating stable market expectations. Key magnetic zone at 112 where 2 expirations converge.
Max Pain By Expiry
Max pain for XHB shows stable levels around 111.82, reflecting balanced market expectations. The 18% spread signals divergent expectations across timeframes. Levels distributed around 115.9. 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 | 116 | 0.10 (0.08%) |
| Sep 19, 2025 | 110 | -5.90 (-5.09%) |
| Sep 26, 2025 | 119 | 3.10 (2.67%) |
| Oct 3, 2025 | 116 | 0.10 (0.08%) |
| Oct 10, 2025 | 112 | -3.90 (-3.37%) |
| Oct 17, 2025 | 118 | 2.10 (1.81%) |
| Oct 24, 2025 | 111.5 | -4.40 (-3.80%) |
| Nov 21, 2025 | 114 | -1.90 (-1.64%) |
| Dec 19, 2025 | 102 | -13.90 (-12.00%) |
| Jan 16, 2026 | 107 | -8.90 (-7.68%) |
| Mar 20, 2026 | 115 | -0.90 (-0.78%) |
| Jun 18, 2026 | 105 | -10.90 (-9.41%) |
| Sep 18, 2026 | 120 | 4.10 (3.53%) |
| Jan 15, 2027 | 100 | -15.90 (-13.72%) |