(XLB)
Max Pain By Strike
XLB trades at $90, pinned near the near-term max pain of $89 expiring Aug 22, 2025 (6 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($85-$91), indicating stable market expectations. Key magnetic zone at 88 where 4 expirations converge.
Max Pain By Expiry
Max pain for XLB shows stable levels around 88.96, reflecting balanced market expectations. The 7% spread suggests strong consensus on fair value. Levels distributed around 90. Strong magnetic level at 88 (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 |
|---|---|---|
| Aug 22, 2025 | 89 | -1.00 (-1.12%) |
| Aug 29, 2025 | 90 | -0.00 (-0.01%) |
| Sep 5, 2025 | 90.5 | 0.50 (0.55%) |
| Sep 12, 2025 | 87.5 | -2.50 (-2.78%) |
| Sep 19, 2025 | 90 | -0.00 (-0.01%) |
| Sep 26, 2025 | 87.5 | -2.50 (-2.78%) |
| Oct 17, 2025 | 91 | 1.00 (1.11%) |
| Dec 19, 2025 | 90 | -0.00 (-0.01%) |
| Jan 16, 2026 | 88 | -2.00 (-2.23%) |
| Mar 20, 2026 | 88 | -2.00 (-2.23%) |
| Jun 18, 2026 | 91 | 1.00 (1.11%) |
| Jan 15, 2027 | 85 | -5.00 (-5.56%) |