(XLB)
Max Pain By Strike
XLB trades at $91.95, pinned near the near-term max pain of $91 expiring Sep 12, 2025 (4 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($55-$93), indicating stable market expectations. Key magnetic zone at 91 where 4 expirations converge.
Max Pain By Expiry
Max pain for XLB shows stable levels around 87.88, reflecting balanced market expectations. The 43% spread signals divergent expectations across timeframes. Most levels below 91.95 may cap rallies. Strong magnetic level at 91 (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 | 91 | -0.95 (-1.03%) |
| Sep 19, 2025 | 90 | -1.95 (-2.12%) |
| Sep 26, 2025 | 90.5 | -1.45 (-1.58%) |
| Oct 3, 2025 | 92 | 0.05 (0.05%) |
| Oct 10, 2025 | 92 | 0.05 (0.05%) |
| Oct 17, 2025 | 91 | -0.95 (-1.03%) |
| Oct 24, 2025 | 55 | -36.95 (-40.18%) |
| Dec 19, 2025 | 90 | -1.95 (-2.12%) |
| Jan 16, 2026 | 89 | -2.95 (-3.21%) |
| Mar 20, 2026 | 91 | -0.95 (-1.03%) |
| Jun 18, 2026 | 90 | -1.95 (-2.12%) |
| Jan 15, 2027 | 93 | 1.05 (1.14%) |